The ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market are in the upward trend thanks to active inquiry and good market confidence. However, some of insiders still worry about the outlook and keep focusing on quantity and price of steel tenders as well as import and export markets. 

Ningxia has discovered 660,000 Mu of molybdenum-rich land and 109,000 Mu of selenium-rich land in Yuanzhou District, Guyuan City, according to the Hohhot Natural Resources Comprehensive Investigation Center of China Geological Survey. This achievement will provide an important basis for the local development of characteristic agriculture and help Liupanshan's concentrated and contiguous destitute areas to win the battle against poverty.

Carrying CATL batteries, China's first diesel-electric hybrid cruise ship "DA WAN QU YI HAO" was officially put into operation at Shenzhen Shekou Cruise Homeport, on September 1.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is supported by the rise in new average tungsten forecast prices from listed tungsten companies and tungsten associations. Sellers have strong rised mentalty and the demand side signs sign of recovery.

Rare earth market quotation in China: europium oxide, lanthanum oxide and praseodymium and neodymium metal prices remain weak adjustment in early September, 2020 because end users do not accept current level of resources. At the meantime, upstream businesses intend to sell at high prices due to high production costs. 

The ferro molybdenum, molybdenum concentrate and molybdenum powder prices in the Chinese market are in the upward trend in early September due to increased trading activity and boosted market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate(APT) prices in China keep firm early in this week. With the gradual release of new average tungsten forecast prices from listed tungsten companies, market suppliers have strong rised mentality and high raw material prices also make smelting factories raise their offers. 

Rare earth market quotation in China: praseodymium oxide and dysprosium oxide prices decline while praseodymium and neodymium metal price keeps stable on Sep. 9, 2020. Supported by stable production costs, suppliers keep rational in quoting to avoid risks of price version. 

Prices of cobalt and its related products maintain stability on September 9, 2020 as the market is in a stalemate with low trading. The raw material market is still worried that the output of main producing areas will be reduced under the epidemic, and the domestic purchasing and storage will affect the tightening of resource supply. 

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum concentrate prices are unchanged from the previous trading day due to deadlocked supply and demand in the market. Downstream becomes active in inquiry but sellers keep rational in shipments.