Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices continue to maintain stability due to heavy wait-and-see atmosphere at the end of this month. Most insiders worry for the demand and deals are hardly concluded. Therefore, the whole market remains quiet. 

Analysis of latest tungsten market from Chinatungsten Online

The trend of Chinese tungsten prices still lies on the relationship between the supply and demand. On the whole, the recovery in the demand side fails to meet market expectation, downstream enterprises seek lower prices and traders take a watchful stance. With the reduced profits, the tungsten market is likely to bottom out in the short term. 

The tungsten reserve in Far East region rates first place in Russia, the country and its Far Eastern region (RFE) possess large amounts of mineral wealth, comparable to that of China, USA, Australia, Canada, and other major mineral producing countries.

Through applying a thin layer of tungsten, aluminum, iron, and vanadium to a silicon crystal achieve a breakthrough in the performance of thermoelectric materials at a world record. Thermoelectric materials are capable of changing heat into electrical energy. This new type of material generates electrical current very efficiently from temperature differences, allowing sensors and small processors to supply themselves with energy wirelessly.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate and tungsten carbide powder prices in the Chinese market remained weak adjustment in the middle of the week owing to low buying appetite. The persistent weakness in the demand side affected the market mentality greatly, coupled with thin market trading and pressure in the raw material side, the market is weak. 

The China rare earth prices show weak adjustment on Nov. 20, 2019 mainly owing to continued deadlocked supply and demand in the market. Insiders now take a watchful stance and actual transactions wait for further increase. Under the Chinese environmental checks, the supply reduces slightly, but as the news side remaining quiet is hard to stimulate the demand side, so spot resources are sufficient. With the support of raw material prices, traders quote rationally. 

The latest ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market show upward trend in the Chinese market on Nov. 20, 2019 when market inquiry become active and traders have good confidence. 

In rare earth quest, Japan will deploy US-made drone submarines to investigate the reserves in the southern waters around Minami-Torishima of Bonin Islands in 2020. And currently, the country says it relies on China for about 60 percent of its rare earths supply.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the ferro tungsten and tungsten powder prices in China remained stable from last week due to low trading activity and deadlocked supply and demand. 

Rare earth market quotation in China: the latest prices of terbium oxide, praseodymium oxide and lanthanum oxide declined slightly while DyFe and dysprosium oxide prices edged higher. Recently, due to the lack of substantial positive news on the policy side, it is difficult to effectively improve the demand side, resulting in a slight increased supply of goods in the spot market. In addition, the capital turnover is not smooth, and most manufacturers have not enough confidence, the product is quoted rationally.