Chinese rare earth prices are unchanged from previous trading day on unclear outlook and rare positive news. Affected by weak demand in terminal market, trading activity is slow and sellers reduce prices to move materials in some region. International rare earth prices are falling by 3% to 4% from last month, Japanese media reported.

The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day amid lackluster demand and quiet policy side. The Chinese rare earth market is slow this week, with prices stability and trading activity limited. market participants wait and see the newest policy for purchasing and storage.

Molybdenum market in China: molybdenum powder price goes up while molybdenum concentrate declines slightly compared with last trading day. Mines stopping production to undergo repair, steel biddings and other cyclical factors’ influences are reduced to Chinese market and prices seem to fall. Sales increase while trading activity is low in off-peak season.

Chinese molybdenum prices maintain stability on Thursday August 9, with the end of steel tenders and more risks by high prices. Manufacturers decline their offer levels to foreign buyers, although supply tightness of raw materials and production costs give strong supports. Production has not yet recovered completely as most mines are shut down to undergo repair. And muted demand drags upstream market down.