Molybdenum market quotation: molybdenum price in China continues to rise in a moderate way amid the latest price of ferro molybdenum, ammonium heptamolvbdate and molybdenum oxide is in an upward trend. Approaching the Chinese Spring Festival, upstream enterprises are more willing to sell due to financial strain while downstream enterprises are stocking up. Market enquiry and trading volumes increase.

Rare earth market quotation: rare earth price in China turns weak amid the price of neodymium oxide and praseodymium neodymium oxide declines. The trend attributes to quiet policy affecting market confidence. The imbalance between market supply and demand continues, but sellers have strong rised mentality. Under the deadlocked transactions, the current market trend will continue for some time.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, domestic tungsten market is still covered with cloud, price continued to fall and market sentiment darkens. The market now is at the buyers’ side, only some customers would purchase in small quantities.

The international market supply will remain short in a long time, but under the strong demand, molybdenum price besides China tends to be stable. Affected by the good performance in the international market, the price of molybdenum concentrate and ferro molybdenum continues to increase, especially when mines raised market quotation, sellers are more reluctant to sell. The supply of molybdenum concentrate will be tight in the short term.