Analysis of latest tungsten market from ChinaTungsten Online

APT guide prices for late July were released by large tungsten enterprises last week, which were adjusted according to Chinese tungsten market. An enterprise in Fujian, China quoted at $300.7 per tonne and $295.5 per tonne in Jiangxi. Besides, sales of goods were thin and transaction prices lowered than before. Taken together, tungsten prices in China were in a downward trend last week.

Opening this week, prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide rise slightly while molybdenum powder price maintains stability. 

Chinese rare earth price continues to be in a stalemate. On the one hand, weak demand and relatively adequate stocks cool trading activity and buyers try to force prices down; on the other hand, purchasing and storage of rare earth was not stated clearly at the conference and thus market participants becomes more cautious on trading. Taken together, short-term rare earth price will stabilize. 

Analysis of latest tungsten market from ChinaTungsten Online

Low trading activity in tungsten concentrate market is pressing down tungsten product prices as well as psychological prices of buyers. It is hard to do the sales in the market when the tax policy was canceled. 65% wolframite concentrate was quoted at $16,461.5-16,769.2/t and 65% scheelite concentrate was quoted at $16,307.7-16,615.4/t.