Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide increases slightly, and sodium molybdate price remains unchanged. A new round of steel biddings starts again and purchased prices mainly concentrate on RMB 93,000-95,000/tonne. Market trading becomes active, and supported by tight raw material supply, the price rise slightly.

Shares of China Tungsten and Hightech Mtrls Co Ltd (SHE:000657) last traded at 12.91, representing a move of 0.23%, or 0.03 per share, on volume of 572,900 shares. After opening the trading day at 12.98, shares of China Tungsten and Hightech Mtrls Co Ltd traded in a close range. China Tungsten and Hightech Mtrls Co Ltd currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 10.93 and high of 17.34.

Tungsten Mining has signed a nonbinding memorandum of understanding (MoU) with China’s Xiamen Tungsten Company (XTC) over the Mt Mulgine project, in Western Australia.

Analysis of latest tungsten market in China from Chinatungsten Online: Affected by the environmental protection policy, raw materials are in short supply and production costs are rising, and then tungsten manufacturers wait the time for rising product prices. But with the limitation of purchasing capacity in the downstream market, the market has very little enthusiasm in buying and selling goods.

Rare earth market quotation: Chinese rare earth price is in downward trend. Europium oxide price edges up while the price of praseodymium oxide, neodymium oxide and cerium oxide declines slightly. 

Molybdenum market quotation: Chinese molybdenum price tends to be back on the rise supported by tight supply of raw materials and high environmental protection costs. But the actual transaction price of molybdenum concentrate, molybdenum oxide and ferro molybdenum still stabilizes. 

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market starts to become active, supported by tight supply of raw materials. The rise of raw materials prices revives market enquiry and traders readjusts their mentality. But downstream customers have not yet accepted the current price, market trading still is poor. The stalemate in buyers and sellers is continuing.

Rare earth market quotation: Chinese rare earth price remains weak adjustment amid the price of cerium oxide, europium oxide and neodymium oxide declines slightly. The market is caught in heavy wait-and-see atmosphere as the purchasing and storage of State Reserves Bureau has not yet started. Sellers are reluctant to sell their products at low prices while downstream enterprises purchase according to actual demand. New orders are less and buyer and sellers refuse to budge, so the current market trend may continue in the short term.

Molybdenum market quotation: The latest price of molybdenum concentrate, molybdenum oxide, and ferro molybdenum is unchanged from the previous trading day. Chinese molybdenum market continues to maintain stability with good momentum amid supply in the mines side is tight enough to support the high price of raw materials.

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, quotation in mines rises slightly, boosting market confidence. Sellers start to be reluctant to sell and goods in the spot market become less. While buyers in the downstream market purchase just what the quantity they need, market trading atmosphere in general, wait for the time being.