Chinese molybdenum price remains weak adjustment this week as prices in the molybdenum raw material side showing signs of decline further weakens downstream manufacturers’ confidence. 

Rare earth market quotation in China: domestic rare earth price continues its upward trend affected by the environmental protection inspection and the rise of offers of large rare earth enterprises. The deadlocked supply and demand is eased as rare earth enterprises reducing production are reluctant to sell and downstream customers become active in enquiry. Trading volumes now are limited.

Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy, goods in the spot market are tight, thin trading volumes weakens traders’ rised mentality and market offers stabilize. Chinese tungsten market is now caught in heavy-wait-and-see atmosphere. 

Chinese molybdenum price is weak amid the price of molybdenum concentrate and molybdenum oxide declines slightly and ferro molybdenum price remains unchanged. Representative miners in Heilongjiang lowered product offers earlier this week, which enhances traders’ negative mentality. Trading atmosphere is quiet at present.