Yesterday, the stable operation of domestic tungsten market sustained. Under the influence of fundamental plane, merchants with goods mainly insist on a conservative selling way and purchasers are cautious when purchasing.

Rare earth material prices continue to increase, and the reasons are that the market supply is tight and downstream enterprise procurement of material is difficult. Besides Pr and Nd, the price of cerium oxide also slightly increased by the support of tight supply. The rare earth market sustaining steady growth, but there is still has a risk in high price.

The prices of domestic rare earth are relatively stable. Under the influence of tight rare earth supply and steady growth of downstream demand, the bottom prices rebound in the first half of this year according to industry data.

Recently, under the influence of constant tight supply of raw materials in the end, the domestic tungsten market began to appear rebound potential. Although the outlook of consumer demands is brisk influenced by the off-season effect, there is still a chance to a price rise, as miners insist on a conservative way in selling goods.