Steel mills purchase at least 7000 tons of ferro molybdenum in April. At the same time, some manufacturers export small quantity of the raw material due to sharp rise in price in European market. With the increasing trading volumes, offers of manufacturers will keep firm. Mainstream ferro molybdenum quotation is expected to return back to RMB 110,000/t.

The Norway DSG technology company has developed a new type of under water bullet for the United States, which can travel 60 meters under water, and the United States will buy the bullets in mass.

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price shows signs of rise, boosted by the environmental protection policy and improved confidence in raw material market stabilizes offers. While poor performance in terminal demand raises worry, price rebound would be limited. In the short term, insiders mainly wait the guide from large tungsten enterprises.

Rare earth market quotation in China: domestic rare earth price maintains stability and traders mainly wait and see, remaining low buying interest, so market trading is thin. Now the news and policy side is quiet, which is hard to guide the market. The listing prices of Southern Rare Earth Group are stable this week.

China’s molybdenum price continues to fall slightly, but businesses intend to raise product prices due to limited production capacity of mines. Though quotation in the raw material market keeps firm and sellers are reluctant to sell, the consumption in the terminal market does not increase.

Analysis of latest tungsten market from Chinatungsten Online：With the decline of tungsten concentrate price and consumption of low-cost inventories, the panic in the whole market becomes calm and most sellers are reluctant to sell. Under the continuous weak demand, tungsten concentrate price would be hard to rise.

Analysis of latest tungsten market from Chinatungsten Online：In the tungsten concentrate market, due to the environmental protection inspection boosting market confidence, low-price products are reducing. Downstream purchasers remain cautious attitude towards buying, which limits terminal demand. On the whole, tungsten concentrate price is difficult to rebound given the quiet market trading.

Analysis of latest tungsten market from Chinatungsten Online: The decline in tungsten price in previous stage reduces some risks, plus a new round of environmental protection strengthens the mindset, sellers resist the further decline in price. But considering the pressure in supply and demand side, part of downstream purchasers still try to force price down and actual transaction prices are hard to be stable.

Analysis of latest tungsten market from Chinatungsten Online: Returning from Tomb-Sweeping Day holiday, a large tungsten enterprise in Fujian province released the first guide prices for April amid APT price in cash was $305.8/mtu, down $5.8/mtu compared with last time. The decline set the tone of weakness for the whole tungsten market last week.

Rare earth market quotation in China: domestic rare earth price has been remained quiet performance for a long time. Businesses just wait the next move in the market and downstream factories purchase according to their orders. Market confidence is relatively weak now.