Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices continued the downward trend as the decline in new guide prices of large tungsten companies weakened market confidence. Under the weak demand, capital shortage and reduced exports, product prices are still hard to rebound in the short term. 

Rare earth market quotation in China: terbium oxide price climbs slightly while prices of cerium oxide and praseodymium oxide remain unchanged in the midweek. There is good prospect for the supply and demand of medium and heavy rare earth elements. light rare earth elements market is troubled by oversupply but benefits the policy side, so market participants have rised mentality. At the beginning of the week, the latest rare earth listing prices of Southern Rare Earth maintained strong, which further stimulated market confidence. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day in the midweek. Sales of molybdenum concentrate have decreased slightly recently and steel tenders for ferro molybdenum are not active then before, and thus market sentiment is affected to some extent. 

Analyzing on the tungsten concentrate output status by the supply side and demand side, although tungsten concentrate output will keep stable in a short-term, while there are challenges and risks exist.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week affected by declined new guide prices from large tungsten companies and deadlocked supply and demand in the market. Now the product prices come close to the cost level and the demand side still remains weak. Most traders have not high enthusiasm in trading, seeking for low-price resources. Given that, insiders may continue to take a watchful stance this week. 

Tungsten concentrate output maintained a stable operation last year. The output of tungsten smelting and processing products kept growing. Especially the output of tungsten cemented carbide continued to maintain a double-digit growth trend. The steady supply of tungsten concentrate output in the market will continue. As tungsten concentrate market demand is high.

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue the upward trend thanks to active trading atmosphere in the market. 

China molybdenum prices are unchanged from the previous trading day on cautious market mentality. The factories have strong uncertainty about the recent steel tenders and downstream demand replenishment. So with the support of the cost side, the market stabilizes with rare transactions. 

Tungsten carbide powder used in global paints and coatings market forecasted to reach $262.5 billion by 2023, the market growth is driven by the increasing demand for painting and coating solutions from the automotive, electronic, and construction industries. Especially it’s important adoption in 3D printing.

Tungsten industry with decades of development has gradually matured and the market competition is relatively full. However, the current industrial concentration is still low. There are four main barriers for new commers to entering the tungsten industry