Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability as market participants kept cautious sentiment. On the one hand, the cost of raw material smelting remains relatively high under the background of high inflation; on the other hand, market consumption is weak in the high-temperature weather and off season. 

Canada’s tungsten operator Almonty Industries Inc. (AII) plans to produce top tungsten production outside of China, and the company is now steadily advancing production and is expected to become major tungsten producer within the next few years.

A team of researchers from the University of California, Texas A&M University, Lawrence Livermore National Laboratory (LLNL), and Oak Ridge National Laboratory (ORNL) has published a review of the use of additive manufacturing of refractory tungsten and tungsten alloys in the journal Additive Manufacturing.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium metatungstate (APT) prices kept stable on the whole in the week ended on Friday, July 22, 2022 and the market was boosted by the increase in new guide prices from the second half of July. 

At the beginning of the week, China rare earth market showed a weak supply and demand situation, mainly due to the increased difficulty of rare earth mining enterprises, the reduction of domestic and foreign market demand, and the low enthusiasm of traders to enter the market. 

At the beginning of the week, the overall focus of domestic molybdenum prices still moved down significantly, mainly due to the sharp drop in international molybdenum prices, the increase in domestic imports of molybdenum raw materials and the decline in steel prices. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is in the upward trend on the whole affected by the rise in the new guide prices released by listed tungsten companies. Market confidence was boosted and trading became active. 

China rare earth price remained weak in the week ended on Friday, July 22, 2022. Under the interweaving of positive and negative factors, the agreement between buyers and sellers was low, and the wait-and-see mood was strong, which led to weak transactions and difficulty in raising the price of rare earth raw materials.

China molybdenum price showed a continuous downward trend as a whole in the week ended on Friday, July 22, 2022. With the gradual increase of negative factors, the buyer's market has a greater advantage, which is mainly reflected in the high willingness of suppliers to cut prices and the strong sentiment of the industry to bear the market outlook. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices continue to remain stable on July 20, 2022 as market participants are still worried about the uncertainty of the epidemic, the conflict between Russia and Ukraine, inflation and other uncertainties.