Chinese molybdenum market is in line for some consolidation amid the latest price of molybdenum powder, molybdenum oxide and ammonium heptamolybdate is unchanged from the previous trading day. Market trading performs poorly and traders are waiting for the new round of steel biddings.

Opening this week, the latest price of europium oxide, dysprosium oxide and praseodymium neodymium metal maintains stability despite Chinese rare earth price shows signs of rise because the recent sluggish prices encourage customers to enter the market for trading.

Analysis of latest tungsten market from Chinatungsten Online: Although China’s tungsten price hit nearly three-year high at present, the whole trading volumes are limited, affected by many uncertain factors for smelting factories in major tungsten production area Jiangxi after restarting production. The market now is caught in wait-and-see atmosphere.

Insiders hold different views toward Chinese molybdenum market: stabilization or decline, according to research from ChinaTungsten Online.