Analysis of latest tungsten market in China from Chinatungsten Online: The second guide price of APT in December was released by Xiamen Tungsten yesterday, which was $294/mtu, up $5.3/mtu on the month. The rise in guide prices stimulates the enthusiasm for raising prices in the raw material market and mainstream product prices continue to maintain good momentum. Some smelters expressed that it is hard to get APT when price is lower than $298/mtu.

Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium molybdate and ferro molybdenum rises slightly as the outlook of the market is optimistic.

Rare earth market quotation: the latest price of lanthanum oxide, neodymium oxide, cerium oxide and praseodymium oxide is unchanged from the previous trading day as the market in China remains quiet.

Analysis of latest tungsten market in China from Chinatungsten Online: Thin trading was the main state in Chinese tungsten market last week, as the whole market was caught in heavy wait-and-see atmosphere and enterprises became more cautious at the year-end under the pressure of fund flow. Shortage in tungsten concentrate supply was continuing and main production enterprises were reluctant to sell.