Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable on the whole on May 19, 2022 as the market faces many instabilities. On the one hand, the manufacturing industry is sluggish under the continued spread of COVID-19; on the other hand, the external environment is still complex and changeable under the geopolitical pressure. 

China rare earth price rose early in the week and then turned to fall near the Friday in the week began on Monday May 16, 2022. 

China molybdenum price was in the downward trend in the week ended on Friday, May 20, 2022. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices are unchanged from the previous trading day as the whole market keeps quiet trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market decline slightly on May 17, 2022. On the one hand, due to the impact of the epidemic, the demand side has not fully recovered; on the other hand, participants remain low buying appetite affected by the decline in new guide prices for the second half of May 2022. 

Rare earth market quotation in China: terbium oxide, neodymium oxide, praseodymium oxide prices decline slightly on May 18, 2022.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain weak adjustment on May 18, 2022. Under the influence of many uncertain factors, most suppliers still have a strong quotation psychology while buyers are generally high in price pressure, so the growth of orders is slow. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, ferro tungsten and tungsten powder prices are unchanged from last week, mainly because insiders' expectations on the demand side are still weak, and the enthusiasm for spot trading on the market is low.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the downward trend in the week ended on Friday, May 13, 2022 due to the demand concerns caused by the epidemic and the financial pressure caused by the changing external environment. 

At the beginning of the week, China rare earth price generally fluctuated within a reasonable range, mainly due to the difficulty in increasing the supply of raw materials, the sharp drop in the price of rare earth raw materials in the early stage, and the gradual stabilization of the epidemic situation in Shanghai and other places. However, the overall market demand is still not good, so some rare earth suppliers face a greater risk of inversion.

At the beginning of the week, China’s ferro molybdenum, ammonium molybdate and molybdenum powder prices remain unchanged as the negotiation consistency between buyers and sellers is not very high under the influence of many uncertain factors.

PART IV  OUTSTANDING PROBLEMS & SOLUTIONS OF CHINA TUNGSTEN 

4.1 Outstanding Problems Faced

4.1.1 Consumption Rate of Tungsten in China is Higher than the Global Average

PART III  ANALYSIS ON THE SITUATION OF CHINA TUGNSTEN INDUSTRY 2021

3.1 Industrial Policies Ensure the Stable Running of the Industry

The Chinese government continues to implement the management principle of total amount control of tungsten mining yearly. In 2021, the total amount control index of tungsten concentrate mining was 108,000 tons, an increase of 2.86% over the previous year. 

PART II  DEVELOPMENT STATUS OF CHINA TUNGSTEN INDUSTRY IN 2021

2.1 Overview of Economic of China

2.1.1 Tungsten Production Capacity Increased Steadily

2021 is a year of great significance in China's developing history and the beginning of China's 14th Five-year Plan. In the face of the complex environment of century changes and century epidemic, China's cadres and workers in the tungsten industry stick to their original intention, forge ahead, continue to consolidate the stable and good development trend, firmly continue the good trend of steady growth, firmly grasp the established direction of high-quality development, and restore the growth of product output, profits and taxes, Operating income reached a record high, key projects were promoted in an orderly manner, the industrial structure was continuously optimized, new achievements were made in scientific and technological innovation, brand building was fruitful, and new progress was made in greening and intellectualization.

Advance Notice on Convening

CHINA TUNGSTEN EQUIPMENT INDUSTRY FORUM (CTEIF)

China Tungsten Industry Association (CTIA)

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to be weak on May 12, 2022 with market offers showing slight difference due to different attitudes of participants. 

This week, China’s domestic rare earth price showed a slight upward trend as a whole, mainly due to the difficulty in increasing the supply of rare earth raw materials, the gradual resumption of work and production by downstream companies, and the fact that most industry players are optimistic about the market outlook. According to Chinatungsten Online, the prices of praseodymium neodymium oxide and terbium oxide rose by RMB 55,000/ton and RMB 700/kg respectively this week.

This week, China’s domestic molybdenum price showed a slight downward trend as a whole. Although the spot supply of molybdenum raw materials is not very loose, it is difficult to offset the damage to the entire molybdenum market caused by the decrease in downstream demand and the increase in price pressure sentiment, which is mainly reflected in the confidence of suppliers to stabilize prices. Insufficient and average transaction.

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