Rare earth market quotation in China: domestic rare earth prices are unchanged from the previous trading day on Monday April 9. Product prices in the market still show different trends, but after a slight adjustment in March, they tend to stabilize. At present, environmental protection inspection, industry rectification, historical inventory, downstream factory demand, and banned import of Myanmar mines are the main factors affecting product prices. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the week ended at Friday April 4 as tungsten institutions and listed companies lowered the new round of guide prices and buyers remained low buying appetite. 

Molybdenum market quotation in China: the latest prices of molybdenum powder, molybdenum bar and molybdenum concentrate are unchanged from the previous trading day. Sellers have good sentiment due to the limited production in mines and active trading and they incline to sell their products at high prices. Smelting factories mainly take a watchful stance for the relationship between the cost and demand sides. In the short term, prices of molybdenum products are expected to maintain stability with the settlement of VAT reform and strong rised mentality of raw material sellers.

Rare earth market quotation in China: domestic rare earth prices continued to show different market trends. For the medium and heavy rare earths, limited import of Myanmar mines boosts market confidence and sellers tend to raise offer levels. For the light rare earths, their product prices are in the downward trend on imbalanced supply and demand and the unclear outlook after the reform of VAT.