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. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum and molybdenum concentrate rise slightly while molybdenum bar price remains unchanged from the previous trading day as a result of strong rised mentality of sellers but cautious sentiment of downstream users. 

Tungsten products are Chengdu's main commodities exported to its fifth-largest trading partner - Japan, as per statistics of the Chengdu Commerce Bureau, from January to September in 2019, the total import and export volume of the city has reached 415.61 billion yuan, an increase of 18.6% year-on-year. Among them, Japan, as the city's fifth-largest trading partner, with import and export figures of 22.79 billion yuan over the same period. The exports are mainly tablet computers, notebook computers, Chinese herbal medicine, tungsten products, etc., and its imports are mainly auto parts.

As the PDC World Darts Championship approaches in just under two weeks, we take a look at the top five combined averages in history of the tournament.

The number one World Championship confirmed average is the 2017 semi-final between Michael Van Gerwen and Raymond van Barneveld.

This is 223.39 and saw MVG hit a 114.05 average and Barney hit a 109.34 average in what was a 6-2 win for the former.

Second also includes Van Gerwen who hit an average of 107.79 and 104.93 for Gary Anderson in the 2017 Final which made for a 212.72 average.

Phil Taylor has the third and fifth highest with 212.12 and 210.82 in victories over Raymond van Barneveld and Mick McGowan. In both matches he only dropped one set.

Flanked in between that is Van Gerwen’s close win in 2017 against Cristo Reyes with a combined 211.34 average in what was at one point the highest losing average for Reyes.

In the latest news coming out of the BDO, it has been revealed in a letter sent to respective counties that the organisation will start charging for its ranking tournaments.

Currently darting bodies don’t have to pay to host e.g a Category A tournament but now they will be charged 5 percent of the prize fund for every tournament for example, a £2,000 prize fund will incur a £100 fee.

This will supposedly go to running tournaments smoother in terms of the equipment used for the I.T so that players have better statistics.

This itself runs to the players as well who all have to pay a £2 levy for every tournament within 7 days of the tournament taking place. Late payment as well will lead to the tournament not appearing on the ranking tables and further fees may be charged.

With the BDO not running every single tournament on the calendar such as the Dutch Open, it will be interesting to see if the darts bodies react to this news. 

Tungsten carbide powder market is projected to reach $2,176.8 million by 2023, the market growth is driven by the increasing demand of tungsten carbide-based machine tools, cutting tools, abrasive products in automotive, construction, mining, transportation, and oil and gas industries.

A Chinese court sold the inventory of bismuth and tungsten bar held by the defunct Fanya Metal Exchange for a total of 672.02 million yuan ($95.47 million), notices on the e-commerce platform hosting the sales showed on Saturday.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market continued to remain stable in the first trading day in December due to lukewarm demand in the terminal market. 

Indian Space Research Organization (ISRO) transfers its independently developed space grade Li-ion cell technology to state-owned engineering giant Bharat Heavy Electricals Limited (BHEL) recently. Last year, BHEL has signed the technology transfer agreement with ISRO for acquiring the latter's Li-ion cell production technology. Accordingly, the organization has transferred its indigenous technology to BHEL.

Tungsten filaments are the standard type filaments widely used in scanning electron microscopes, including the latest released SEM3000 series, released in the “SEM New Products Launch Conference” held in Huishan, Wuxi, on November 29. This series currently includes standard model SEM3000 and professional model SEM3000S.