Chinese molybdenum prices show stable on the whole amid the price of sodium molybdate, ammonium heptamolvbdate and molybdenum powder is unchanged from the previous trading day. 

Chinese rare earth price is unchanged compared with last week on deadlocked supply and demand and thin market trading. The effects of costs, inventories, environmental protection inspections and demand act together so make the market caught in wait-and-see atmosphere. The listing prices of large rare earth enterprises would be the focus of the market earlier this week.

Analysis of latest tungsten market from Chinatungsten Online: Last week, Chinese major production areas have polarized on mainstream tungsten product prices, mainly affected by smelting factories stopping or limiting production under the central environmental actions. As a result, APT market’s consumption for tungsten raw materials reduced and supply continued to be tight, and thus prices in different ends of industry chain showed different movements. 

Opening this week, Chinese molybdenum price remains weak adjustment. The tightening availability of raw materials in mines supports high offers of sellers while the poor performance of steel biddings reduces trading volumes. Downstream purchasers maintain low buying interest and ferromolybdenum smelters have not enough strength to maintain high market price. Prices in downstream chemical and alloy market are weak as well. On the whole, the recent molybdenum market will be in a stalemate.