Chinese tungsten price has surged more than 50 percent since July, 2017 amid growing concern about supply cutbacks in China, where about 80 per cent of the metal comes from. The Chinese government is carrying the tax law of environmental protection to cut production and curb pollution.

Rare earth market quotation: rare earth price remains stable and businesses maintain a wait-and-see attitude in China. On the one hand, market trading is in a stalemate due to the financial strain at the year-end; on the other hand, downstream factories have adequate inventories, with lower willingness in stocking up. Finally, sellers remain good expectation for the polity and increasing new energy demand. On the whole, the rare earth market is quiet and will continue the trend.

Analysis of latest tungsten market in China from Chinatungsten Online: Market resources in the tungsten market increase while downstream enterprises remain weak demand for raw materials. And with the coming of Chinese Spring Festival, the production line of smelting factories is gradually influenced and market participants mainly wait and see. Therefore, tungsten price in China tend to be stable.

Molybdenum market quotation: international molybdenum price is stable with good momentum, spot goods are relatively tight and some of manufacturers start to send the quotation to Chinese factories. While molybdenum price in China keeps firm, production of raw materials reduces, with fewer high-price transactions.