In Chinese molybdenum market, the quotation from mines maintain in a high level, first grade tungsten concentrates have prices but no sales, and the trading for regular grade molybdenum concentrates reduces. With the approaching of Chinese Spring Festival, many international carriers are gradually stopping providing services, so foreign raw materials cannot be imported into the Chinese market now, which will stabilize molybdenum price. 

Rare earth market quotation: rare earth prices in China remained stable and the latest price of terbium oxide, lanthanum oxide and europium oxide is unchanged from the previous trading day. The market is quiet with fewer transactions, buyers and sellers have different opinions about the market outlook, so the market is caught in heavy wait-and-see atmosphere.

Analysis of latest tungsten market in China from Chinatungsten Online: The whole tungsten market in China has been remained thin trading recently, especially when the Chinese Spring Festival is coming. Tungsten enterprises mainly focus on the issue that more and more production lines are stopping, and thus the market maintains low enthusing in transactions.

Molybdenum market in China shows a little stalemate amid the latest price of molybdenum concentrate, molybdenum powder and molybdenum bar keeps stable. If miners take the initiative to reduce price for more shipments, downstream enterprise may further force the price down. Under the both tight supply of raw material at home and abroad, market price is likely to maintain the current trend.