Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has ended its downward trend and started to increase in the week began on Monday April 18, 2023 due to the following reasons: 

Rare earth market quotation in China: terbium oxide, erbium oxide and holmium oxide prices continue to decline on April 19, 2023 mainly due to weak demand from downstream users and a strong sentiment to suppress prices. However, under this situation, good news has been continuously released, so the rare earth market is still expected to pick up.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to decline on April 19, 2023. The enthusiasm of downstream users to enter the market for inquiries and purchases and the awareness of suppliers to insist on quotations have all increased, so the actual production volume is still acceptable.

In order to reduce the loss of W and extend its service life in high temperature oxidation environment. The development of self-passivating tungsten alloys and their surface protection technology has attracted widespread attention. Researchers investigated the performance of tungsten armor PFC at HHF to evaluate the choice of starting ITER operation with an all-tungsten shunt at heat currents of 10 and 20 MW.m^-2. The tungsten armor was subjected to 100-5000 cycles of thermal fatigue tests, and in the FE200 test, the change in surface morphology was not significant at a heat flow of 10 MW.m^-2 for 5000 cycles.

Tungsten is widely used in nuclear fusion reactors as a highly regarded plasma-oriented material (PFM). However, it has poor oxidation resistance at high temperatures. In the event of a reactor de-cooling accident, the tungsten alloy is rapidly oxidized and volatilized as air enters the vacuum chamber, which will cause a catastrophic nuclear leakage accident. Scholars have conducted a lot of research and pointed out that the development of self-passivating tungsten alloys and surface protection technology is an effective way to solve this problem.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued its stability because there was no obvious change in the fundamentals of supply and demand in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday April 14, 2023 affected by the continued weakness in the demand side. Some smelters reduced their production properly in order to stabilize market price and the whole market was relatively weak.

At the beginning of the week, China’s praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices remained weak adjustment mainly affected by the increase of market supply. 

At the beginning of the week, the overall Chinese molybdenum market was still not good, mainly reflected in the decline in the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide to a certain extent. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to trade sideways on April 13, 2023, mainly due to the lack of buying interest of downstream terminal. Th whole market is also quiet given the continued sluggish trading performance as well as the lack of support from the cost side, the risk in the macro environment, and the poor sentiment of market participants.