Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to maintain stability in the week ended on Friday December 13, 2019 as a result of persistent weakness in the demand side and cautious sentiment of market participants. 

Molybdenum market quotation in China: the latest of molybdenum concentrate, ferro molybdenum and molybdenum oxide prices are unchanged from the previous trading day due to thin market trading the market. 

China rare earth prices maintain stability in the week began on Monday Dec. 16, 2019 on cautious sentiment of traders and quiet market trading. First, in the context of the relatively depressed global new energy vehicle market, downstream users take a watchful stance, and the demand has not fully recovered. The prices of light and heavy rare earth products have been ranged narrowly. 

Tungsten and molybdenum deep processing chains are set about forming tens of billions of non-ferrous metal clusters in Luoyang. The city adheres the high-quality development of the manufacturing industry as the main attack direction, implements the "eight-character policy" of supply-side structural reform, gives full play to the basic advantages, accelerates "565" implementation of a modern industrial system, and lays a good foundation for the advanced industrial foundation. Aims at building a trillion-level manufacturing industry base by 2025.