Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, October 15, 2021 mainly due to the tightening availability of raw materials in the market. 

Rare earth market quotation in China: europium oxide, cerium oxide and lanthanum oxide prices maintain stability on October 18, 2021 mainly supported by the lack of stocks of raw materials and the increase in inquiries from downstream users. 

Molybdenum market quotation: ferro molybdenum, molybdenum oxide and molybdenum bar prices remain unchanged on October 18, 2021 as the market is in a stalemate and traders remain cautious. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic ammonium paratungstate (APT) and ferro tungsten powder prices keeps firm on October 14, 2021 against the background of insufficient energy supply and soaring raw material prices. 

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and lanthanum oxide prices continued to rise in the week ended on Friday October 15, 2021. However, as the price of raw materials rises, the profit margin of downstream separated companies continues to shrink, which is one of the factors that is not conducive to the healthy development of the entire industry.

China molybdenum price rebounded in the week ended on Friday October 15, 2021 supported by factors such as the increase in the popularity of the steel recruitment market, the willingness of molybdenum mining companies to ship products and the rise in international molybdenum prices.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price is temporarily stable in the middle of October owing to the quiet market. The rebound since late September is mainly due to the energy crisis and inflation from upstream to downstream. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices maintain stability on Oct. 12, 2021 with rare new deals concluded in the market. Thanks to the support of inflation pressure and cost under the background of energy shortages, traders are reluctant to sell at a low price and hope to increase offers. In the short term, the market is expected to continue its stability.

China’s domestic rare earth price as a whole is showing a steady upward pattern on October 13, 2021 because of the increased sentiment of downstream users after the holiday, limited output of domestic rare earth smelting and separation enterprises, and poor performance of the rare earth import market. 

Ferro molybdenum price in the Chinese market rebounds on October 13, 2021 stimulated by rising steel prices. Traders' mentality has improved, so the order growth rate has accelerated compared with before the holiday.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price starts to show signs of rise in the middle of October. Recently, pressures on logistics and transportation caused by the epidemic repeatedly, on raw material supply chain caused by the economic recovery after the epidemic, on energy shortages caused by natural conditions such as seasonal weather, on environmental protection under the vision of carbon neutrality, etc., have led to an increase in the cost. The new guide prices for early October were raised accordingly. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten price remained stable during the holiday of National Day as the market was quiet. Affected by the policy of dual control of energy consumption, the output of factories reduced and thus manufacturers kept firm offers. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices show signs of rise at the beginning of the week. 

China’s ferro molybdenum price edges lower while molybdenum concentrate and power prices are unchanged at the beginning of the week. In the case of the National Day holiday and the overhaul of some steel companies has ended, the activity of inquiries and purchases in the market has increased, so the mentality of shareholders has gradually improved.

Abstract: Since August, domestic tungsten prices have dropped slightly as a whole, and the market has a strong wait-and-see sentiment. Tungsten prices will show a weak and stable market.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) price continued to rise while prices of tungsten concentrates and tungsten powder maintained stability in the last trading week in September as the soaring energy prices and power cuts have caused concerns about the tight supply of raw materials in the market and the reduction of industrial consumption. 

To be used for rare earth metal smelting, induction furnace heating element, quartz glass smelting, sapphire crystal growing furnace, ect., the material should be extremely refractory, such as clay, graphite, tungsten, molybdenum, china clay, or quartz or hard-to-melt metallic iron because the usual working temperature is above 2000℃.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) price increases slightly on September 29, 2021 pushed up by tight supply of raw materials under the policy of dual control of capacity consumption. 

China’s domestic rare earth price fluctuated within a reasonable range in the last trading week in September, 2021. Affected by the increased market uncertainty this month, the upstream and downstream enterprises of the industry chain entered the market very cautiously, resulting in low market activity and no increase in spot transactions.

China’s domestic molybdenum price declines slightly in the last trading day in September in the wake of tight electricity consumption in many regions, increased supervision of the molybdenum industry, and concentrated suspension of production and maintenance by steel companies.