Chinese rare earth price is unchanged compared with last week on deadlocked supply and demand and thin market trading. The effects of costs, inventories, environmental protection inspections and demand act together so make the market caught in wait-and-see atmosphere. The listing prices of large rare earth enterprises would be the focus of the market earlier this week.

Analysis of latest tungsten market from Chinatungsten Online: Tungsten prices in China show different trends because the operating rate of smelting factories in mainstream producing areas is low, affected by the environmental protection inspections. The poor circulation of raw tungsten minerals increases tungsten ore supply, plus profit-taking mentality of sellers, the whole tungsten ore price drops slightly. Scheelite concentrate price comes back to $17,741.9/t.

Opening this week, Chinese molybdenum price remains weak adjustment. The tightening availability of raw materials in mines supports high offers of sellers while the poor performance of steel biddings reduces trading volumes. Downstream purchasers maintain low buying interest and ferromolybdenum smelters have not enough strength to maintain high market price. Prices in downstream chemical and alloy market are weak as well. On the whole, the recent molybdenum market will be in a stalemate.

Rare earth market quotation in China: domestic rare earth price has been remained unchanged recently amid market demand is weak, trading volumes are thin and trading atmosphere is in the dark.