Analysis of latest tungsten market from Chinatungsten Online: In the tungsten concentrate market, downstream manufacturers mainly wait and see high-price raw materials, without high enthusiasm in stocking up. Most mines restart working in the late March, plus traders raise shipment willingness due to tight capital, spot goods in the market increase, which stresses raw material side. Tungsten concentrate price becomes weak in consequence.

The floor level of transaction prices in the molybdenum concentrate market has become lowered in recent days. 40% molybdenum concentrate was concluded at RMB 1,620-1,650/t in the market while a small amount of deals at RMB 1,690/t in mines. Mines quote at RMB 1,690/t, but has not any transactions. Though downstream enterprises have lowered its expectation price apparently, traders would not replenish at that time. High-price transactions are hardly to be making this week.

Rare earth market quotation in China: domestic rare earth price has been maintained stability in recent days, with heavy wait-and-see atmosphere in trading and cautious mentality of traders. Downstream factories mainly purchase on rigid demand as they remain good mentality towards late policy side. Prices in the praseodymium and neodymium market show signs of decline.

Analysis of latest tungsten market from Chinatungsten Online: Traders become active in trading due to weak demand of smelting factories, but production capacity of raw materials has not been recovered yet. Therefore, domestic tungsten price shows signs of decline.