Rare earth market quotation: Chinese rare earth price remains weak adjustment amid the price of cerium oxide, europium oxide and neodymium oxide declines slightly. The market is caught in heavy wait-and-see atmosphere as the purchasing and storage of State Reserves Bureau has not yet started. Sellers are reluctant to sell their products at low prices while downstream enterprises purchase according to actual demand. New orders are less and buyer and sellers refuse to budge, so the current market trend may continue in the short term.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, quotation in mines rises slightly, boosting market confidence. Sellers start to be reluctant to sell and goods in the spot market become less. While buyers in the downstream market purchase just what the quantity they need, market trading atmosphere in general, wait for the time being.

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide, and ferro molybdenum is unchanged from the previous trading day. Chinese molybdenum market continues to maintain stability with good momentum amid supply in the mines side is tight enough to support the high price of raw materials.

Rare earth market quotation: Chinese rare earth price maintained stability last week as there had no substantial news of purchasing and storage coming of the government and the guidance prices from large enterprisers disappointed market participants. The rare earth market was caught in heavy wait-and-see atmosphere, buyers and sellers were refuse to budge and trading was still less. This week, if there have no clear guidance in the market, rare earth price may remain weak adjustment under the weak demand.