Analysis of latest tungsten market in China from Chinatungsten Online: Many mines and smelting factories are gradually stopping production, so the supply of tungsten concentrate is short and price keeps firm. But considering the thin market trading, the price maintains stability. 65% wolframite concentrate was quoted at $17,054-17,209/t; 65% scheelite concentrate was $16,744-16,899/t.

Rare earth market quotation in China: Rare earth price is unchanged from the previous trading day as the market will soon be closed. At the last trading week before the holiday, sellers are reluctant to sell and wait and see trends of policy after the holiday. Buyers almost finish the stocking up before the holiday, so the market trading is less. Rare earth price is expected to be stable this week.

Molybdenum market quotation in China: the latest price of molybdenum powder, ferro molybdenum and molybdenum oxide is unchanged from the previous trading day. Molybdenum raw material market has been quiet in the nearly two weeks, with fewer new increased orders. International molybdenum price continues to maintain at a high level and the supply in the domestic raw material market is short, making miners keep firm quotation.

Ministry of Finance: According to the development of domestic equipment manufacturing industry and its ancillary industries in recent years, on the basis of extensively listening to opinions of industrial authorities, trade associations and business representatives, etc.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, trading in both raw material market and downstream market is thin and traders are mainly concentrating on new round of guide prices from large tungsten enterprises and institutions. Tungsten price is now stable on the whole.

Rare earth market quotation in China: domestic rare earth price continues to keep stable with the approaching of the New Year. Enterprises are gradually stopping trading and businesses maintain mentality of stability, so the market transactions are reducing. In the short term, the rare earth market in China will continue the current market trend.

Molybdenum market quotation in China: the latest price of molybdenum concentrate and molybdenum oxide falls slightly and molybdenum bar price is unchanged, as the market trading now is thin when Chinese Spring Festival is near. Most manufacturing enterprises are producing old orders or carrying out the long-term orders.

Analysis of latest tungsten market in China from Chinatungsten Online: There are ten days left before the Chinese Spring Festival. More and more tungsten enterprises are stopping trading, only some of them that are urge to stock up before the holiday would receive a small amount orders.

Rare earth market quotation in China: the latest price of dysprosium oxide, praseodymium neodymium oxide and rises slightly and europium oxide price falls. Due to the incompatible psychological price between suppliers and downstream purchasers, the market remains quiet and businesses tend to be cautious about the late market. In addition, more enterprises are gradually stopping trading with near the new year. Therefore, rare earth price in China is not likely to climb sharply and the trading will be fewer. 

Molybdenum market in China would start to enter a steady stage when the Chinese Spring Festival is near. Stocking of processing enterprises will soon be finished and making an inventory at the year-end is carried out. Therefore, new increased lot orders would be rare.