Rare earth market quotation: Chinese rare earth price continues to be weak. It is understood that the State Reserve Bureau has started preliminary works of purchasing and storage recently, and domestic six rare earth groups is preparing goods that need to be handed in. The movement is expected to be finished in December. With the support of good expectation of purchasing and storage, rare earth price may stabilize but the market will face pressure from unbalanced supply and demand.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, the long-term negotiated prices of large enterprises for the second half of November are released, which means tungsten market comes back to the upward trend. Considering the gap between the quotation and market price, it cannot be regarded as guidance for the afternoon market. But the mentality of traders is boosted and tungsten market will continue to be stable with good momentum.

Molybdenum market quotation: the latest price of ammonium tetramolybdate, molybdenum oxide and ferro molybdenum is unchanged from the previous trading day. In the molybdenum market in China, demand and supply refuse to budge while the mentality of businessmen shows some optimism. 

Rare earth market quotation: Chinese rare earth price declined slightly last week as the uncertain news of purchasing and storage weakened market confidence. The price of praseodymium, neodymium, dysprosium and other rare earth products favored a pullback.