Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. 

China rare earth prices maintain stability in early December due to cautious sentiment of both buyers and sellers. With the approaching of Chinese New Year, due to the country's tightening of environmental protection and rectification, the amount of raw material resources has converged, which has provided a certain degree of boost to the supplier's confidence in the market. The price of products has remained in a narrow range.

China molybdenum prices are unchanged from last week. Under the price increase in the international molybdenum market, domestic market confidence boosts slightly, coupled with the environmental checks, most mining enterprises are difficult in mining raw materials. Therefore, market supply becomes tight and sellers raise their rised mentality. But some purchasers remain low buying appetite. Market deals are limited. On the whole, market outlook is expected to be positive. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China market maintain stability as sellers have strong rised mentality but the demand side continues its weakness. Buyers and sellers still have different psychological prices for products. Therefore, most insiders mainly wait and see for the outlook. 

Rare earth market quotation in China: the latest prices of lanthanum oxide, praseodymium oxide and praseodymium neodymium oxide mainly remained weak adjustment in the week ended on Friday November 29, 2019 due to heavy wait-and-see atmosphere in the market. 

A sharper decline in prices for molybdenum oxide — the raw material used to produce molybdenum alloy — has improved margins for European alloy converters, who have faced negative margins for most of this year.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China continue to maintain stability as a result of strong rised mentality of sellers but persistent weakness in the terminal market. 

Huawei Sound X rare earth magnetic unit smart speaker promulgated on November 25 at the full-scene product press conference in Shanghai. Unlike traditional smart speakers, Huawei's HiFi smart speaker co-engineered with the international professional audio company Devialet. Fitted with the Devialet 60W dual rare earth strong magnetic woofer, holds a small body, but the shocking power stored in the small structure could bring users high-resolution low-frequency experience.

The Donggou porphyry molybdenum deposit Located in Ruyang, Western Henan, is a super-large porphyry Mo deposit discovered in recent years. In 2015, the Mo project undertaken by China ENFI Engineering Co., Ltd. and ENFI Engineering Corporation (China ENFI) was officially put into production with a stable and reliable process. The energy and material consumption are lower than the design value. Its overall technology reaches the international advanced level.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in China are unchanged from the previous trading day. Raw material manufacturers become reluctant to sell their products while terminal buyers are still not active in inquiry. Affected by environmental protection, increased mining costs, decreased inventories, capital shortage and weak demand, the market is expected to be caught in wait-and-see atmosphere in the short term.