There are not bulk transactions in the molybdenum market in China after traders’ selling at low price. 50% molybdenum concentrate was mainly quoted at RMB 1570-1650/t; 45-50% molybdenum concentrate was quoted at RMB 1550-1570/t. some mines postpone the quotation, waiting the recovery of downstream demand after the holiday. In the short term, molybdenum raw material market will be stable.

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten market now is quiet. Trading in the spot market is less, sellers remain low willingness in sell and buyers are gradually stopping purchase. With the finished stocking up the downstream enterprises, tungsten price will stabilize.

Rare earth market quotation: the latest price of lanthanum oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day as the market is quiet with the coming of Chinese Spring Festival. Market participants mainly wait and see the relationship between supply and demand, so the price is hard to fluctuate sharply. Considering the thin trading market, sellers will be more cautious.

Enquiry in the international molybdenum market is increasing while supply in the spot market remains tight and price keeps rising. Molybdenum market in China is quiet amid transactions are fewer and most traders stop making shipments due to the transportations.

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.