Analysis of latest Chinese tungsten market from Chinatungsten Online: Last week, the average prices released by large tungsten enterprises and institutions rose slightly, but could not ease the current deadlocked situation caused by imbalanced supply and demand. Traders tended to stabilize market prices and manufacturers mainly held wait-and-see mood. Tungsten price will continue to stabilize this week. 

Molybdenum raw material market performs well in trading volumes, offering support for downstream market. But ferro molybdenum market is still in a stalemate amid prices of steel biddings in a relatively low level decreasing motivation of production and trading. Ferro molybdenum manufacturers are cautious as their production costs are squeezing sale profits.

China rare earth price shows stable with good momentum opening this week. Northern Rare Earth Company released its listing prices amid praseodymium and neodymium related products rose by RMB 2,000 per tonne and other products stabilize. 

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten price maintains stability on little fundamental changes and tight supply of tungsten ores. The demand side remains cautious on purchasing and the new guide prices mean a conservative attitude of large tungsten enterprises toward the current market. Short-term tungsten market will continue the current trend.