The concentrated steel biddings made stocks of most ferro molybdenum manufacturers remain at a low level in the short term and considering cautious attitude of most traders, ferro molybdenum price is expected to maintain stability and trading may increase this week. Molybdenum chemical and product enterprises will put high-price raw materials into production and product quotations are being tried to rise. If the orders keep increasing, market price would be the same trend.

Rare earth market quotation in China: the latest price of europium oxide, europium oxide and cerium oxide is unchanged from the previous trading day, but tend to rise on the whole. Driven by the intensive recovery of the industry at the beginning of this week, rare earth prices rose. 

Analysis of latest tungsten market in China from Chinatungsten Online: Domestic tungsten market keeps firm with tight supply of tungsten raw materials and rising price. In the tungsten concentrate market, product prices maintain at a high level and traders who have good mentality are reluctant to sell. Due to high production costs, ferro-tungsten manufacturers further increase product quotations.

Molybdenum market quotation in China: the latest price of molybdenum bar and molybdenum powder is unchanged from the previous trading day and ammonium heptamolvbdate price rises slightly.