Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China maintained stability in the week ended on Friday December 27, 2019 as the whole industry is in a stalemate at present. The tungsten prices will continue this trend in the short term, keeping in line with offer levels from listed tungsten companies. 

Nemaska Lithium (TSX: NMX) of Canada said on Monday that it had applied for creditor protection. In the face industry oversupply, the company had been struggling to find new investors for months to continue operations.

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten and tungsten powder prices remain stable as most of insiders take a watchful stance in the market. With the approaching of New Year, downstream users are not willing to stock up, so prices got less support. Most listed tungsten companies tend to stabilize in December concluded from their offers. 

Domestic heavy rare earth market seems to usher the long-awaited "spring". Since the beginning of November 2019, when the market price of light rare earth has fallen, the price of heavy-rare earth has continued to rise, such as dysprosium oxide. From early November till now, the domestic market prices have risen sharply, with a monthly increase of 13.5%.