Rare earth market quotation: Chinese rare earth remained stable last week amid the price of europium oxide, praseodymium oxide and dysprosium oxide is unchanged from the previous trading day. The expectation of industry consolidation boosts market confidence, coupled with the previous high price squeezes profits of manufacturers, the rare earth price now is expected to rebound. Considering the weak demand, and no latest policy coming from the government, the space for price rise will be limited.

Considering the short supply of molybdenum raw material and high market price in China, molybdenum concentrate price is expected to rise. With the support of high raw material price, quotation from downstream enterprises may continue to be raised and increase of actual transaction prices will depend on trading volume. 

Analysis of latest tungsten market in China from Chinatungsten Online: In the first week of 2018, trading volume in domestic tungsten market failed to increase while supply and demand of raw materials still refused to budge and sellers were reluctant to sell. As a result, tungsten enterprises raised related products quotation, including ferrotungsten, sodium tungstate, APT and tungsten powders.

Rare earth market quotation: Chinese rare earth price is steady and going up. Insiders pointed out that the development of rare earth industry and price moves mainly depend on national policy. And with rapid development in new energy vehicles industry and cracking down on illegal production of enterprises, the gap between supply and demand will narrow so as to support market price.  

Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium molybdate and molybdenum powder rises slightly. Short supply of molybdenum concentrate is the main reason for high prices at present. At the same time, under the background of improved downstream demand and sharp rise of international molybdenum price, molybdenum concentrate price is expected to keep upward trend this week. 

Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards.

Happy Creek Minerals Ltd (TSXV:HPY) is a mineral exploration company focused on the development of its two key projects, the Fox tungsten project and the Highland Valley copper project in south central British Columbia, Canada.

Mainly affected by the environmental protection policy reducing production, markets outside China show improved demand and higher prices. But China is still the dominant market participant in tungsten industry when it comes to price moves and price floors.

Analysis of latest tungsten market in China from Chinatungsten Online: The supply of tungsten raw materials is now the dominant factor affecting mentality of business in the market. As market participants are bullish on the average prices from Tungsten Association and guide prices from large enterprises this month, sellers are reluctant to sell their products, with strong rised mentality.

Rare earth market quotation: Chinese rare earth market has been stabilized recently amid the price of cerium oxide, praseodymium oxide and dysprosium oxide is unchanged from the previous trading day. Traders in the market are now caught in wait-and-see atmosphere as news of policy has not yet released. With clear guidance in the market, downstream purchasing enthusiasm is not high, and then limits the space of rise. Returning from the holiday, market trading is not recovered, so rare earth price will stabilize in the short term.