Rare earth market quotation in China: the latest prices of DyFe and dysprosium oxide edged higher while praseodymium oxide price maintained stability. As the supply of dysprosium related products was expected to be tight, sellers raised their offer levels. Considering low trading activity and limited demand in the whole rare earth industry, market prices would not change sharply in the short term. 

Molybdenum prices in China: the latest prices of ferro molybdenum and molybdenum concentrate rose slightly while ammonium molybdate price remained unchanged. The impact of tight supply of molybdenum ores and active steel biddings for the market reduces slowly with wait-and-see atmosphere covering downstream buyers. At present, market participants wait for the next move in the market after the Lantern Festival.