The latest price of molybdenum concentrate and molybdenum oxide is unchanged from the previous trading day while ferro molybdenum price declines slightly. Market confidence is hit by low bidding prices in steel mills and demand still remains weak, thus pessimistic is spreading in the molybdenum market. 

Rare earth price in China remain stable and permanent magnet plate is active. The Ministry of land and resources will organize inspection on overplanned mining, and further study to effectively use principle of inspiring and controlling to make sure total mining control index to be well-executed. 

Analysis of latest tungsten market in China from Chinatungsten Online: Domestic tungsten price continues to fall this week, failing to reach expectations of both buyers and sellers. In the last trading days before the holiday, supply and demand refuse to budge, traders sell their products but no record of transaction, quotation purchases from downstream enterprises are low. Tungsten market is quite.

The latest price of molybdenum concentrates, ammonium molybdate and sodium molybdate is unchanged from previous trading day as the market has no favorable policies or strong demand.