Rare earth market quotation: rare earth price in China is unchanged from the previous trading day as the market trading is quiet and businesses are showing cautiousness. Buyers remain rigid demand while sellers are positive about the influence of environmental protection and market demand. Under the deadlocked supply and demand, short-term rare earth price will continue to maintain current trend.

In Chinese molybdenum market, raw material supply is still tight, operating rate of mines is hard to increase in the short term and some trading companies who have strong willingness in shipments basically finish their annual sell target. As a result, molybdenum concentrate goods are limited at present. Steel biddings performing poorly weakens ferro molybdenum enterprises’ confidence and thus buy orders decrease. 

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten price remains tight balance on whole after a period of decline in the middle of January. Affected by the environmental protection policy and tight supply of mines, the operating rate of smelting factories is low and supply and demand is in a stalemate. With the approaching of Chinese Spring Chinese, buyers become active in stocking up, which is expected to send price rise.

Rare earth market quotation: the latest price of rare earth price in China remains stability as the supply and demand is in a stalemate. Sellers have good expectations for the purchasing and storage of State Reserve Bureau and the environmental protection policy after the Chinese holiday. ganzhou province is taking effective efforts to recover and manage the abandoned rare earth mines left over from history in order to fully carry on the Central Environmental Inspectorate Group’s correction works in environmental protection.

International molybdenum price continues to climb due to the strong demand, enhancing market price in China. The price in China is also rising in a moderate way, including ammonium heptamolvbdate, sodium molybdate and ferro molybdenum. 

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, tungsten market in China is in a tepid atmosphere. And with the release of basically unchanged guide prices from large tungsten enterprises, the market now maintains stability. Near the Chinese Spring Festival, the pace of trading slows down and the whole market is dealing with the orders at hand.

Rare earth market quotation: rare earth price in China maintains weak adjustment amid the price of praseodymium oxide, neodymium oxide and praseodymium neodymium oxide declines slightly and lanthanum oxide price is unchanged. Insiders though that this week is the last time for enterprises to stock up intensively before the Chinese Spring Festival. The supply and demand in the market now is in a stalemate, and the demand in the downstream market remains weak, thus rare earth market will continue to maintain the current trend.

Molybdenum market quotation: molybdenum price in China is unchanged from the previous trading day as the supply remains tight and demand in the downstream market is not strong. 

Chinese tungsten price has surged more than 50 percent since July, 2017 amid growing concern about supply cutbacks in China, where about 80 per cent of the metal comes from. The Chinese government is carrying the tax law of environmental protection to cut production and curb pollution.

Analysis of latest tungsten market in China from Chinatungsten Online: Market resources in the tungsten market increase while downstream enterprises remain weak demand for raw materials. And with the coming of Chinese Spring Festival, the production line of smelting factories is gradually influenced and market participants mainly wait and see. Therefore, tungsten price in China tend to be stable.