Rare earth market quotation in China: domestic rare earth price maintains the current market trend with stability of seller’s mentality, deadlocked supply and demand and thin market trading. At present, downstream factories have low willingness in purchase and market price without effective guidance tends to be stable. Market participants in the rare earth market are mainly focusing on attitude of large enterprises and news of environmental protection and purchasing and storage.

Quotation of mainstream ammonium molybdate enterprises has been maintained stability recently. Purchase in batch is hardly seen in downstream market after the rise of raw material price. Though downstream customers have little stocks of ammonium molybdate, they would not accept the quotation of RMB 114,000/t. while manufacturers express that they will not sell products at low price due to high spot costs and little selling pressure.

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, domestic tungsten price continues to maintain weak adjustment. Bearish atmosphere covers the whole market, and downstream market follows up upstream market slowly. Though miners face little pressure of supply, buyers and sellers have different expectations for price. Therefore, the deadlocked situation presses market trading.

Rare earth market quotation in China: domestic rare earth price continues to maintain stability due to the quiet market trading. At present, sellers’ quotation for their products is unchanged, waiting for new round of policy news. While downstream factories reply on rigid demand, with imbalance between supply and demand. Enterprises now in the rare earth market mainly focus on the new guide from listing prices of large companies.

Domestic molybdenum price has been maintained weak adjustment recently due to tight supply of raw materials and the weakness in demand. For molybdenum concentrate market, the poor performance in steel biddings cools purchasing enthusiasm of downstream enterprises, so market trading is thin and price is weak.

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Analysis of latest tungsten market from Chinatungsten Online: The decline in guide prices for April released by large tungsten enterprises were basically in line with market expectations, but certainly further weakened market confidence. China’s tungsten market is weak in product price and thin in trading. The price of tungsten concentrate, APT, tungsten powder and tungsten carbide powder fell slightly.

Rare earth market quotation in China: domestic rare earth price maintained weak adjustment last week amid the price of neodymium oxide, praseodymium neodymium oxide and dysprosium oxide fell slightly. 

Molybdenum market quotation in China: domestic molybdenum price fell slowly last week as poor performance in new round of steel biddings hit market mentality. Insiders are reluctant to sell in the demand side while raw material market faces little pressure of selling. Affected by the Tomb Sweeping Day in China, molybdenum price will maintain stability.