Analysis of latest tungsten market in China from Chinatungsten Online: The whole Chinese tungsten market remained tepid last week amid the price stabilized and tungsten enterprises have low willingness in trading. Most transactions now mainly come from the trading market and this period is considered as a proper time for enterprises to stock up due to the stability of tungsten price.

This week, tight supply of molybdenum raw materials may continue in China and outside China, and manufacturers will maintain good mentality. Though downstream enterprises have no plan for purchasing raw material, production companies would not reduce product prices. 

Rare earth market quotation: the latest price of terbium oxide, europium oxide and cerium oxide remains stable. with the approaching of Chinese Spring Festival, the production line and expresses are greatly influenced. Although downstream enterprises become active in enquiry and have strong willingness in stocking up, market trading is thin on the whole. Coupled with the quiet policy from the government, rare earth market in China is caught in wait-and-see atmosphere.

Tungsten price remains the same price as the previous trading day, but market trading reduces. Most tungsten enterprises are not interested in participating in the market at the end of the January while part of trading companies replenishes their inventories.