Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market keeps stable. Considering the pressure from funds and demand at the year-end, low production rate of mines, as well as the poor trading volume, tungsten enterprises in the market is caught in heavy wait-and-see atmosphere.

Molybdenum concentrate market continues to have shortage in raw material and transaction prices remain high. Some large mines in Heilongjiang and Jilin province stopped production from last week and Inner Mongolia and Shaanxi now mainly produce long-term orders. The limited supply reduces new transactions. 40-45% molybdenum concentrate price stands at RMB 1,450-1,470/t.

Rare earth market quotation: Chinese rare earth price takes a small step back due to the tension condition between supply and demand. Price of praseodymium and neodymium metal has declined 43 percent since the third quarter. 

Taking a look at US Tungsten Corp (USTU) stock, we have recently spotted the Percentage Price Oscillator Histogram line above zero. Traders may be taking note of this level as a possible buy signal.