Tungsten is a natural rare material. It is commonly found in wolframite and scheelite. Tungsten is famous for its unique properties, such as high density, high melting point and excellent mixing ability. Tungsten is also one of the highest melting point metals found on the earth. Many tungsten alloys are used in various fields, such as bulb filaments, electrodes, X-ray tubes, radiation shielding, microelectronic integrated circuits, superalloys, aerospace, etc. Tungsten is also used for military purposes because of its hard physical form and high density, such as armor piercing shells and insulation shielding. In addition, tungsten products can also be used as catalysts in many industrial processes.

The latest price of praseodymium neodymium oxide and praseodymium neodymium metal climbs slightly while dysprosium oxide price maintains stability from last trading day. Market participants in Chinese market now are uncertain about the outlook with quiet policy side. Under environmental checks and off season, deadlocked supply and demand will not be eased, and rare earth prices may continue to decline.

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten price continues its weak adjustment on heavy wait-and-see atmosphere at the end of July. The operating rate of downstream factories remains low in the off season while market demand is weak. So sales in the raw material market become difficulty and trading volumes are thin again.

The latest price of molybdenum concentrate, molybdenum powder and molybdenum oxide continues to go up slightly compared with last trading day, boosted by environmental checks tightening molybdenum raw materials. Low-price raw materials are rare and businesses are more reluctant to sell in anticipation of low production in mines.