Ferro Tungsten Price Remains Stable Due to a Lull in Activity in the Chinese Market

tungsten alloy disc image

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices remain stable in the first trading day in June due to a lull in activity in the Chinese market. At present, most participants mainly wait for a new round of average tungsten forecast prices from China’s Ganzhou Tungsten Association and bid prices from listed companies. 

Read more: Ferro Tungsten Price Remains Stable Due to a Lull in Activity in the Chinese Market

Dysprosium Oxide Price - June 2, 2021

lanthanum metal image

China’s domestic rare earth market generally shows a sideways pattern. In the context of the slower entry of downstream rare earth separation plants and magnetic material companies into the market, the cautious sentiment is particularly strong in the market. In addition to the hindrance of the upward adjustment of supplier quotations, the transaction volume is also hard to conclude. 

Read more: Dysprosium Oxide Price - June 2, 2021

China's Rare Earths Prices Drops, and 50% Iron Ore Prices Rises in Australia

iron ore trains stretch up to 2.4 kilometres image

The lack of iron ore production in Australia and Brazil has caused global iron ore prices to rise by about 50% over last year. However, the price of rare earths produced in China has fallen since April because international businesses have found alternative buyers.

Read more: China's Rare Earths Prices Drops, and 50% Iron Ore Prices Rises in Australia

Molybdenum Powder Price - June 2, 2021

ferro molybdenum image

China’s domestic molybdenum market shows signs of improvement overall on June 2, 2021. At the beginning of the month, steel companies were more motivated to enter the market for bidding, and the bidding price was satisfied, about 123,000 yuan/ton, which increased the confidence of traders to hold the price to a certain extent. 

Read more: Molybdenum Powder Price - June 2, 2021

Japan to Expand Scale of Rare Earth Production

China plentiful supplies of rare earths contention for years image

Recently, Japan's government announced that it will further expand the scale of its rare earth production to improve the security of the relevant supply chain and prevent China’s export control.

Read more: Japan to Expand Scale of Rare Earth Production

 

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