Analysis of latest tungsten market from ChinaTungsten Online

During the double-segment alternation, the market holiday atmosphere is strong. Under the condition that the external trade environment is uncertain and terminal demand situation is difficult to judge, the market purchase and sale operations are generally cautious and wait-and-see, and China tungsten market has not changed much. 

Domestic molybdenum price is stable in good operation. Multiple positive factors superimpose, and manufacturers' mentality is optimistic. First, the spot resources in the raw materials market shortage makes up part of the terminal demand negative impact; Second, steel mill bidding, and ferro molybdenum bidding price rise, which boosts the market's reluctance to sell; Third is the impact of environmental protection actions in Liaoning and Henan, and the expected positive signals of raw material supply and cost; Fourth, the international molybdenum price stable small - rise trend is also a positive reflection of the domestic market.

Rare earth market quotation in China: domestic rare earth price is weak and stable. Affected by consumption on the demand side and light policy news, the upstream market quotation is relatively passive.The price of lanthanum varieties is slightly reduced by the pressure of supply and demand, while the environmental protection situation cost at the bottom of the support, the overall fluctuation space is relatively limited. At present, the trading of rare earth market is still cold and cheerless, merchants wait and see operations.

Computerized numerical control (CNC) machines are prominently used for machining of metal components which requires high precision for producing complex shapes of varied dimensions. Currently, there are mainly two types of machine tools prominently used. HSS (High Speed Steel) and tungsten carbide tools; among which tungsten carbide tools is most prevalent for machining applications primarily due to exceptional wear resistance, chemical inertness, material strength and other superior characteristics. Often machining system productivity is mainly guided by the use of machine tools with superior characteristics such as long lasting capability, rigorous operating and high speed performance. This factor is primarily gaining the consumer attraction towards adoption of carbide tools over conventional tools. Although tungsten carbide tools are more costly but considering the time required for machining the component, employing tungsten carbide tools can remarkably result in improved quality, increased output and lower machining & labor cost.