Considering the short supply of molybdenum raw material and high market price in China, molybdenum concentrate price is expected to rise. With the support of high raw material price, quotation from downstream enterprises may continue to be raised and increase of actual transaction prices will depend on trading volume. 

Rare earth market quotation: Chinese rare earth price is steady and going up. Insiders pointed out that the development of rare earth industry and price moves mainly depend on national policy. And with rapid development in new energy vehicles industry and cracking down on illegal production of enterprises, the gap between supply and demand will narrow so as to support market price.  

Analysis of latest tungsten market in China from Chinatungsten Online: In the first week of 2018, trading volume in domestic tungsten market failed to increase while supply and demand of raw materials still refused to budge and sellers were reluctant to sell. As a result, tungsten enterprises raised related products quotation, including ferrotungsten, sodium tungstate, APT and tungsten powders.

Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium molybdate and molybdenum powder rises slightly. Short supply of molybdenum concentrate is the main reason for high prices at present. At the same time, under the background of improved downstream demand and sharp rise of international molybdenum price, molybdenum concentrate price is expected to keep upward trend this week.