Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten manufacturers are gradually returning to the market with the end of Chinese Lunar Year, mainly arranging production. Though some purchasers start enquiry, sellers are reluctant to quote for them, with fewer transactions concluded.

International molybdenum price maintains at high level with rising raw material price and growing demand. Though the markets besides China are active, domestic molybdenum market is covering with holiday atmosphere. Most enterprises wait and see, continuing the same quotation before the holiday. 

Rare earth market quotation: rare earth price in China maintained the same price after the Chinese Lunar Year, with thin market trading. News in the market are calm, downstream and upstream enterprises hold different views on prices, coupled with related factories have not yet started working. Therefore, rare earth price is stable.

Tungsten carbide powder market is expected to achieve a CAGR of 5.5% rise by 2024, from 14.5 billion valued in 2015 to 24.5 billion dollar. The expectation is depending on the increasing product demand in transportation, mining & construction and industrial engineering sector and increasing government investments to upgrade their public infrastructure, particularly in the BRICS nations.