Chinese molybdenum price remains weak adjustment amid molybdenum oxide price falls slightly and the price of molybdenum concentrate and ammonium heptamolvbdate is unchanged. Molybdenum market is both weak in supply and demand due to stricter environmental protection inspection. Traders cut product profits for more transactions in some regions, which weaken market confidence. Insiders with cautious mentality mainly focus on the steel biddings.

Opening this week, the latest price of europium oxide, praseodymium oxide and lanthanum oxide is unchanged from the previous trading day in China. 

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten price continues to maintain stability because the fundamentals of supply and demand are the same as before. The outlook of the market is unclear and market participants wait and see. Market trading is thin in China at present.

In the molybdenum concentrate market, miners face little pressure of shipments and businesses try to stabilize the market; prices of steel biddings fail to meet market expectations, factories face risks of cost overhang, so ferro molybdenum price will continue to be stable.