Ferro molybdenum price maintain stability this week. From the point of steel biddings, as of Friday, steel mills purchase 500 tonnes of ferromolybdenum, with price of RMB 108,000-109,500/t in four large companies at Beijing, Tianjin, Jiangsu provinces. Another steel factory in Jiangsu province entered the market to purchase further 120 tonnes of ferromolybdenum yesterday.

Rare earth market quotation in China: domestic rare earth price is running steadily at the time when businesses are gradually stopping trading and holiday atmosphere covers the whole market. Market participants mainly focus on the environmental protection policy, industrial order reorganization and purchasing and storage of State Reserve Bureau as well as listing prices of large enterprises and downstream rigid demand.

Analysis of latest tungsten market in China from Chinatungsten Online: Inquiry in the whole Chinese tungsten market is less and purchasers have not high enthusiasm in replenishment. Although some downstream enterprises have enquiries, the actual transactions are fewer to be concluded. The approaching of Chinese Spring Festival and snowy weather greatly affects the transport business, so the trading in the market is relatively thin. Large tungsten enterprises also are not willing to supply goods.

There are not bulk transactions in the molybdenum market in China after traders’ selling at low price. 50% molybdenum concentrate was mainly quoted at RMB 1570-1650/t; 45-50% molybdenum concentrate was quoted at RMB 1550-1570/t. some mines postpone the quotation, waiting the recovery of downstream demand after the holiday. In the short term, molybdenum raw material market will be stable.