Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China have been in the upward trend in the week ended on Friday February 14, 2020 with the impact of Coronavirus tightening the supply of raw materials. Most factories remained low operating rate, workers did not come back to work and the transportation was restricted, so the whole market had price but deals were difficult to be concluded.

Chinese rare earth prices remain stable on the whole on February 17, 2020 with a slight increase in terbium oxide and neodymium oxide. Firstly, in the context of the continuous fermentation of the epidemic, the northern rare earth market is less affected. Many factories have been operating normally. The supply of raw materials is relatively adequate. 

Chinese molybdenum prices are unchanged from last week when market participants have different views on the market outlook. Some people though prices of molybdenum chemical products will rise sharply while others believed market prices will continue to maintain stability.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices are in the upward trend as a result of logistical constraints limiting market supply. With the influence of coronavirus, many producing companies have not come back to work yet but the market demand is growing.

Rare earth market quotation in China: the latest prices of terbium oxide, dysprosium oxide and praseodymium neodymium oxide were in the upward trend in the week ended on Friday February 14, 2020. For other products, their prices remained unchanged on low trading activity in the market. 

Molybdenum market quotation in China: the ferro molybdenum, molybdenum oxide and molybdenum powder prices were rose slightly in the week ended on Friday February 14, 2020 despite quiet market inquiry and cautious sentiment of traders.

Professor Chunlei Guo and his team from the University of Rochester School of Optics have used powerful femtosecond laser pulses to etch tungsten surface with nanoscale structures, which has increased the solar energy absorber efficiency by 130%, making it a perfect solar absorber. Related results were published in the journal Light: Science and Application.

Tungsten hexafluoride products in Hebei rank the world's first place, with an annual output of 1,000 tons. According to the Ministry of Industry and Information Technology of Hebei Province, in 2019, the economic operation of the province's electronic information industry has shown a good development momentum, and various economic indicators are stable. The industry's main business income reached 172.01 billion yuan, a year-on-year increase of 7.5%. Among them, the main business income of the manufacturing industry reached 129.51 billion yuan, a year-on-year increase of 6.8%. The software industry realized the main business income of 42.05 billion yuan, a year-on-year increase of 10.0%.

Analysis of latest tungsten market from Chinatungsten Online

Transport restrictions in China affecting tungsten raw material supply amid the coronavirus outbreak have led to a more active tungsten spot market in China and as a result have lifted prices in the global market. 

The terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices edged higher but market deals are still hardly concluded. On the one hand, with the continuous of the coronavirus, some rare earth companies in the north have already resumed production.