Analysis of latest tungsten market in China from Chinatungsten Online: It was reported yesterday that downstream enquiry increased. Affected by that, traders keep strong mentality, and expectation for the shortage of raw materials also turns optimistic. 

Molybdenum market quotation: The latest price of molybdenum concentrate, ammonium tetramolybdate maintains stability while ferro molybdenum price edges up slightly. Recently, higher volume and price in steel biddings have boosted market mentality. Supply in tungsten concentrate market is tight and inquiry in the downstream market is increasing, so quotation of sellers shows signs of stabilization. In the chemical and alloy market, enterprises mainly follow the market waiting for the latest movements of market due to the relatively weak demand.

Rare earth market quotation: There has no good news showing in the rare earth market in China, supply and demand refuses to budge and businesses mainly wait and see. Quotation of praseodymium neodymium metal declines slightly, meaning weak rebound momentum. Increased export data in October shows the stable industry on the whole. 

Rare earth market quotation: Chinese rare earth price seems a little recovery and the mentality of traders tends to be stable. Xiamen Tungsten and Northern Rare Earth singed the strategic cooperative frame agreement, including supply assurance of rare earth products, hydrogen storage materials industry, the production of Pr-Nd metal and others.