The latest price of molybdenum concentrate, molybdenum oxide and ammonium heptamolybdate is unchanged from the previous trading day. 

The latest price of tungsten concentrate, ammonium paratungstate and tungsten rod continues to rise. Tungsten price in China keeps firm rising, market supply is still tight and the rally in raw material continues to conduct to the downstream consumers of cemented carbide. In the short term, tungsten market in China will keep rising supported by tight supply and demand, trading volume remains weak and businesses will be more cautious in the their operations.

Price of tungsten products on Aug. 29, 2017

Picture of tungsten trioxide

Opening this week, Chinese tungsten market continues last week’s fierce gains. Prices of tungsten goods quickly break through different levels and with the support from supply side, the momentum is still advancing. 

Today's rare earth market: a price correction seems to be happened in Chinese rare earth market, dysprosium price continues to remain weak trend and praseodymium neodymium market leading previous rise shows risks in high level. Most market participants believe that the price adjustment will help stabilize the market, and with the maintenance of fundamentals, rare earth prices still have room to rise in afternoon market. On the contrary, if the market continues to speculation, it will lead to more market intervention.

Price of rare earth products on Aug. 29, 2017

Picture of ammonium molybdate