Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, China tungsten prices continue to maintain stability on deadlocked supply and demand in the market. Sellers now focus on environmental protection inspection’s influences on cost and supply of raw materials. While buyers are waiting for moves in the demand side.

China molybdenum prices are unchanged from the previous trading day, although they show signs of decline. Recently, more ferro molybdenum manufacturers have considered profit-taking as steel mills become less active in steel biddings and purchasers try to lower transaction prices. Under the tight supply in the raw material side, insiders have good expectations for the outlook. In the short term, environmental protection, operate rate of factories, steel biddings and demand are the focus of the market. 

Rare earth market quotation in China: domestic rare earth price continues to be stable on Tuesday November 13. The listing prices of Northern Rare Earth on last Friday were unchanged from October, but are higher than current market prices, showing a strong rised mentality of insiders. The demand side still faces pressure and actual transactions need to be followed. Under the deadlocked supply and demand, insiders are caught in wait-and-see mood. 

Metal carbides play a vital role in end use industries, due to their valuable properties. Globally, they play a dynamic role in many areas of material science, physics and chemistry. These metal carbide are available in various sizes and shapes, and offer a variety of properties, such as such as hardness, stiffness, etc. Tungsten carbide is one of these metal carbides and exhibits the aforementioned properties. It is produced by the reaction of tungsten hexachloride with methane or methanol, which is the source of carbon in the reaction. Tungsten carbide is an inorganic chemical compound, represented by the chemical formula WC and physically, it is in the form of a fine grey powder. The formation of tungsten carbide involves an equal number of carbon and tungsten atoms. In terms of properties, tungsten carbide is much stiffer than steel and denser than titanium. Its hardness is comparable with precious metals, such as ruby, sapphire and corundum. Owing to tungsten carbide’s high resistivity to abrasion, it is widely used in the manufacturing industry for cutting tools. The only drawback in the application of tungsten carbide is that it can decompose at high temperatures and separate into its initial form, i.e. as tungsten and a carbide.