Since August, price of tungsten products in China remains high level. Support of supply side remains strong and demand remains relatively weak.

Opening this week, tungsten market in China maintains the growth. Especially for ferrotungsten, cost pressures began to influence the market, constantly expanding the price, of which the price has reached RMB 135,000/ton and is gradually increasing to RMB 140,000/ton.

Rare earth price sustains steady growth, and praseodymium neodymium varieties maintain a strong momentum. Downstream demand of strong magnetic materials is strong.

Rare earth price in China is relatively stable. In July 31st evening, Northern Rare Earth said that the overall supply and demand situation has not fundamentally changed, despite the recent price  have increased in varying degrees, the demand rebounded modestly and the overall situation  has been improved.