Rare earth market quotation: Chinese rare earth price shows signs of rebound this week amid the price of praseodymium neodymium oxide rises slightly and europium oxide price maintains stability. And market enquiry and transactions also increase. 

Considering the tight supply of spot goods in tungsten concentrate market, miners rised mentality is stronger, selling part of molybdenum concentrates in advance. Sellers in the market are now bullish on product prices. 45-50% molybdenum concentrates were quoted at RMB 1,440-1,460/tonne.

Analysis of latest tungsten market in China from Chinatungsten Online: The second guide price of APT in December was released by Xiamen Tungsten yesterday, which was $294/mtu, up $5.3/mtu on the month. The rise in guide prices stimulates the enthusiasm for raising prices in the raw material market and mainstream product prices continue to maintain good momentum. Some smelters expressed that it is hard to get APT when price is lower than $298/mtu.

Rare earth market quotation: the latest price of lanthanum oxide, neodymium oxide, cerium oxide and praseodymium oxide is unchanged from the previous trading day as the market in China remains quiet.

Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium molybdate and ferro molybdenum rises slightly as the outlook of the market is optimistic.

Analysis of latest tungsten market in China from Chinatungsten Online: Thin trading was the main state in Chinese tungsten market last week, as the whole market was caught in heavy wait-and-see atmosphere and enterprises became more cautious at the year-end under the pressure of fund flow. Shortage in tungsten concentrate supply was continuing and main production enterprises were reluctant to sell.

Rare earth market quotation: rare earth price rebounded slightly, but market trading was thin. The well-preformed export data boosted the expectation of demand, rare earth price tended to rebound and sellers were reluctant to sell. While downstream demand was still weak, without effective news to support. Considering the deadlocked supply and demand, the short-term rare earth price will continue to be weak.

Molybdenum market quotation: the latest price of ferro molybdenum and molybdenum oxide rose slightly while molybdenum concentrate price was unchanged from the previous trading day. Last week, the overall molybdenum market in China performed well and insiders were bullish on the afternoon market. Although tight supply of molybdenum concentrate was continuing, demand in the downstream market gradually increased. 

At 2:30 p.m. on August 28th, according to a spokesman for the Ministry of foreign affairs, the India army that illegally crossed the border into China's Dong Lang area has already withdrawn to the border. Although the curtain fell, it lasted for 71 days. In the past, our people's friendly South Asian neighbors have attracted the attention of the Chinese people. Many people have also recognized a different India from the imagination. It's hard to say whether India will again pose a threat to China in the future.

Analysis of latest tungsten market in China from Chinatungsten Online: The rise in Chinese tungsten price becomes slower this week. Risk awareness is raised in the raw material market, but weak demand and tight supply still refuse to budge. Under the background, tungsten price is expected to remain rangbound in the short term.