After continuous rally, tungsten price stared to stabilize last week, some tungsten ore traders chose to make proper shipments and the difficulty of purchasing raw materials for downstream market was reduced. Moreover, the quotation in the tungsten concentrate market was closed to the floor level. Under the high quotation of APT, downstream buyers were reluctant to purchase, so the actual trading price shown signs of slight drop. As for the tungsten powder market, market participants waited and saw, and high quotation became less.

Rare earth market quotation: The latest price of praseodymium oxide, terbium oxide and lanthanum oxide is unchanged from the previous trading day as the listing prices of large rare earth enterprises maintain stability.

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide and sodium molybdate is unchanged from the previous trading day.

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Analysis of latest tungsten market in China from Chinatungsten Online: Domestic prices of tungsten raw materials have started to rebound since the middle of November. But considering the limited consumption of terminal products, most manufacturers still remain low level of stocks and downstream customers are reluctant to purchase because of high prices. Tungsten price gradually stabilizes at present.

Rare earth market quotation: Chinese rare earth price remains weak adjustment amid europium oxide price is unchanged and praseodymium oxide price declines slightly. 

Molybdenum market quotation: Chinese molybdenum price remains stable amid the latest price of molybdenum concentrate, sodium molybdate and ferro molybdenum is unchanged from the previous trading day. 

Analysis of latest tungsten market in China from Chinatungsten Online: Mainstream tungsten price stabilizes at present with quiet market trading. Although sellers are willing to maintain high product prices, downstream demand is low. The quiet trading in the downstream market weakens the activeness of enterprises.

Rare earth market quotation: Chinese rare earth price continues to maintain stability. The whole market has caught in heavy wait-and-see atmosphere since October, affected by government’s purchasing and storage, and groups joining together to support prices. 

Molybdenum market quotation: raw material quotation is firm owing to the tight supply while downstream trading remains quiet. As a result, molybdenum product price continues to maintain stability. The latest price of ammonium molybdate, sodium molybdate and molybdenum bar is unchanged from the previous trading day. Affected by the environmental protection inspection recently, the operation rate in the whole molybdenum market remains at a low level. Without the admission of stimulus news, businesses will still wait and see.