The price and quantity in steel biddings both increase this week, raising manufacturers’ rised mentality. And the continuous tightening availability of molybdenum raw materials makes sellers reluctant to sell. Therefore, molybdenum price in China rises slightly.

Rare earth market quotation in China: rare earth price is stable at present due to deadlocked supply and demand and heavy wait-and-see atmosphere in the market. The imbalanced supply and demand of rare earth related products presses rised mentality of businesses. Short-term rare earth price is expected to change slightly and traders are waiting for the new guide from large rare earth enterprises.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price continues its stabilization and supply and demand refuse to budge. As sellers are reluctant to sell, low-price resources reduce. At the same time, purchasers remain low buying interest, mainly on rigid demand. Under the thin market trading, tungsten market will not have great change.

Molybdenum price in China rises slightly due to the continuous tight raw materials and increased quantity of steel biddings. Traders show good mentality, but remain cautious in stocking up, which presses market price.