Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remained weak adjustment in the week to Friday November 9. The new round of guide prices from institutions and large enterprises edged lower earlier in last week, which pressed market confidence to some extent, although they were basically in line with market expectations. Supported by supply and cost sides, traders were reluctant to cut profits, and the supply and demand will continue its deadlocked situation. 

Molybdenum market quotation in China: The latest prices of molybdenum powder, molybdenum oxide and molybdenum bar are unchanged from last week. The market seems to be weaker in response to the advantages brought from environmental protection inspection and tenders in steel mills, and trading activity reduces. More sellers consider profit-taking, which further lowers average transaction prices. With the support of high costs, manufacturers remain rational sentiment. 

Rare earth market quotation in China: domestic rare earth price keeps steady earlier in the week to Monday November 12 when market participants wait for the new listing prices of Northern Rare Earth. The supply and demand are in a stalemate in the market and the operating rate of downstream factories reduces. The continued thin market trading will stabilize rare earth prices. 

Tungsten is a dense, robust metal that has a number of valuable applications, particularly in the chemical industry thanks to its corrosion resistance. Its hardness and extremely high melting point, however, have made it a difficult material to 3D print.