Rare earth market quotation in China: domestic rare earth price performed steadily and rare earth permanent magnet grew strongly. The development of new energy has a good momentum and industry insiders are optimistic about the demand for the permanent magnet industry in the future. However, the recent news has been quiet, market fundamentals are difficult to improve, so the price of rare earth is inhibited. The overall performance of the market is temporarily stable with slight adjustment in some regions.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price is stable on the whole with fewer high-price transactions and weak demand in terminal market. Manufacturers in the raw material market become active in selling, but buyers tend to force price down. Therefore, market trading is in a bad atmosphere.

The tight supply of molybdenum raw material will continue until the end of the month. Given that, Chinatungsten Online believes that miners would not reduce their quotation forwardly, so molybdenum price will mainly stabilize in the short term. Certainly, enterprises that face capital pressure may increase shipment by cutting profits.

Rare earth market quotation in China: domestic rare earth price lowered slightly amid the latest price of neodymium oxide and praseodymium neodymium oxide dropped and europium oxide price remained unchanged. The decline is due to weak demand in terminal market, cautious mentality in downstream purchasing and quiet policy side. Oversupply is the main feature in the market and short-term rare earth price is expected to maintain weak adjustment.