The latest prices of ferromolybdenum, molybdenum bar and molybdenum oxide drops slightly earlier in this week as the decline in prices and quantity of steel biddings weakens market confidence and purchasers remain low buying interests. 

Rare earth market quotation in China: domestic rare earth price stabilized with good momentum in the week to Friday November 30. Earlier this month, resources in Myanmar were banned to import into China, raising the expectation for further tight supply of raw materials. Affected by that, insiders remain the strong rised mentality. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remain weak adjustment due to weak demand and capital pressure. Insiders now have a low confidence for the market in December. But for miners, they have strong willingness to stabilize the market. 

China molybdenum prices were in the downstream trend in the week to Friday November 30, affected by lowered prices and quantity of steel biddings. The tightening availability of molybdenum concentrate offers supports for sellers, but downstream customers remain low buying interests. Therefore, trading atmosphere is quiet with thin trading volumes.