Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices maintain stability in the week to Friday January 4 as the market lacks effective guidance before the release of new guide prices from institutions and large tungsten companies. Most companies now take watchful stance. 

China molybdenum prices remained weak adjustment in the week ended Friday January 4 after returning from the holiday of New Year’ Day. On the one hand, prices and quantity of steel biddings were under pressure; on the other hand, although enterprises planned to stock up before Chinese New Year, sellers took a watchful stance on reduced profits. 

Chinese rare earth prices maintained stability on continued deadlocked supply and demand in the market. Most market participants now take a watchful stance as new listing prices of large enterprises will soon be released. Downstream manufacturers remain cautious to stock up while production of mines reduces due to environmental protection and holiday of New Year’ Day. Market trading is thin and prices will be adjusted limitedly.  

In recent years, China's defense industry has undergone earth-shaking changes, rapid development in technology and technology, and has also been freed from financial constraints. Not only that, but also achieved remarkable achievements - China has established a defense industry system that can independently develop high-tech weapons platforms, and has basically achieved self-sufficiency. Among them, advanced stealth fighters (歼-20, 歼-31), aircraft carriers (002 domestic aircraft carriers under construction, third, fourth...), stealth drones (Pterosaur-2, etc.) and new Cutting-edge weapons such as a generation of intercontinental ballistic missiles (Dongfeng-41 intercontinental ballistic missiles) have attracted the attention of many countries in the world. In this regard, Australia's "East Asia Forum" website said that the development of China's defense industry is unstoppable.