The molybdenum prices in China mainly remain stable in the week began on Monday December 9, 2019 on deadlocked supply and demand and low trading activity. In the concentrate market, the trading atmosphere on the market is more optimistic. Under the tight supply of molybdenum concentrate, mining companies generally have a strong attitude to raise prices, and the market outlook is good.

China's largest tungsten material production and processing base will be built at the junction of Dongfu West Road and Yinong Road in Haicang, according to the Southeast Network. Haicang District commenced the construction of key projects in the fourth quarter of 2019 on December 6, which are 11 projects including Xiamen Jinlu Cemented Carbide Industrial Park, with a total of 6.92billion yuan investment, and the annual planned investment about 1.46 billion yuan.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ferro tungsten prices in the Chinese market show signs of rise despite of thin market trading and low trading activity. In early December, both buyers and sellers take a watchful stance, waiting for new guidance from tungsten institutions and listed companies. 

E-cigarette may cause tungsten and cobalt hard-metal lung disease, according to foreign media reports, a new case study conducted in Europe warns that e-cigarettes and other vaping devices may cause scarring in the lungs normally only found in metals workers. The research has been published by the European Lung Foundation. The study noted that hard-metal lung disease, a rare lung disease that results from inhaling hard metal particles, was identified in a person who used vaping devices.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are unchanged from the previous trading day. Although confidence in the raw material markets is boosted, market participants remain cautious to the market outlook. In the short term, mainstream tungsten product prices will hover around new offer levels from listed tungsten companies. 

The praseodymium oxide, dysprosium oxide and praseodymium and neodymium metal prices in the Chinese market edge higher on Dec. 15, 2019. With the limited release of light and heavy rare earth ore production capacity and the low raw material inventory of downstream users, the prices of some products have been pushed up slightly, but the actual transactions are still weak. 

The sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market continue to rise as most sellers have strong rised mentality with the support of tight raw material supply. 

North Korea's trade dependence on China has increased to 91.8% and tungsten is one of the country's main exports. A report released by the Korea International Trade Association (KITA) on December 1 showed that N. Korea's dependence on Chinese trade keeps on rising, with China representing 90% of all North Korean trade in 2018, which increased to 5.3 times in 2001. Among them, tungsten and other products replaced anthracite as N. Korea's main export products.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China start to show upward trend in the week began on Monday December 2, 2019 as the rise in new offers from listed tungsten companies boosts market confidence. the production costs increase, and thus raw material sellers are reluctant to sell products at low prices. But downstream buyers mainly take a watchful stance with low demand for products. 

Rare earth market quotation in China: the latest terbium oxide and dysprosium oxide prices edge higher while praseodymium oxide price maintains stability in early December. As China ’s ecological environment protection and industry chaos have been continuously strengthened at the end of the year, rare earth mine production capacity has been controlled to support the confidence of most suppliers, so the market price is stable. but downstream users' demand still needs to be increased in the short term.