Mainly affected by the environmental protection policy reducing production, markets outside China show improved demand and higher prices. But China is still the dominant market participant in tungsten industry when it comes to price moves and price floors.

Rare earth market quotation: Chinese rare earth market has been stabilized recently amid the price of cerium oxide, praseodymium oxide and dysprosium oxide is unchanged from the previous trading day. Traders in the market are now caught in wait-and-see atmosphere as news of policy has not yet released. With clear guidance in the market, downstream purchasing enthusiasm is not high, and then limits the space of rise. Returning from the holiday, market trading is not recovered, so rare earth price will stabilize in the short term. 

Analysis of latest tungsten market in China from Chinatungsten Online: The supply of tungsten raw materials is now the dominant factor affecting mentality of business in the market. As market participants are bullish on the average prices from Tungsten Association and guide prices from large enterprises this month, sellers are reluctant to sell their products, with strong rised mentality.

Molybdenum market quotation: as supply of molybdenum raw materials are tight while demand is strong, sellers are more reluctant to sell, thus market price is rising. The latest price of ferromolybdenum, molybdenum concentrate, ammonium molybdate, and ammonium heptamolybdate rises slightly.