International molybdenum oxide price rises slightly, which do not active the market in China. At present, molybdenum smelting factories, chemical and product enterprises keep high product prices owing to high production costs. The average price in Chinese molybdenum mines hovers around RMB 1,640/t and mainstream transaction prices of molybdenum concentrate are RMB 1,630-1,640/t. In the short term, the tightening availability of low-price molybdenum raw materials will continue.

Rare earth market quotation in China: domestic rare earth price shows signs of decline opening this week when market trading is thin after the declined listing prices of large rare earth enterprises last week. The supply side is facing pressure and traders are more willing to sell. While the demand side is hard to follow up, with relatively low pressure of purchasing raw materials. On the whole, rare earth market will continue to be in s stalemate.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price climbed slightly earlier last week. Tungsten concentrate manufacturers were reluctant to sell, keeping high offers; APT price rose under the stricter environmental protection policy tightening supply of spot goods while prices of terminal tungsten powder and tungsten carbide powder were raised.

Chinese molybdenum price remains unchanged opening this week as a subsequence of different mentalities of downstream and upstream of the industry chain and lower international molybdenum price weakening market confidence. Trading volumes are still hard to be increased and steel biddings are the focus of the market.