Enquiry in the international molybdenum market is increasing while supply in the spot market remains tight and price keeps rising. Molybdenum market in China is quiet amid transactions are fewer and most traders stop making shipments due to the transportations.

Rare earth market quotation in China: Rare earth price is unchanged from the previous trading day as the market will soon be closed. At the last trading week before the holiday, sellers are reluctant to sell and wait and see trends of policy after the holiday. Buyers almost finish the stocking up before the holiday, so the market trading is less. Rare earth price is expected to be stable this week.

Analysis of latest tungsten market in China from Chinatungsten Online: Many mines and smelting factories are gradually stopping production, so the supply of tungsten concentrate is short and price keeps firm. But considering the thin market trading, the price maintains stability. 65% wolframite concentrate was quoted at $17,054-17,209/t; 65% scheelite concentrate was $16,744-16,899/t.

Molybdenum market quotation in China: the latest price of molybdenum powder, ferro molybdenum and molybdenum oxide is unchanged from the previous trading day. Molybdenum raw material market has been quiet in the nearly two weeks, with fewer new increased orders. International molybdenum price continues to maintain at a high level and the supply in the domestic raw material market is short, making miners keep firm quotation.