Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices are unchanged from the previous trading day because weak consumer appetite affects the whole trading atmosphere in the industry. Raw material manufacturers keep low operating rate while smelting factories face great pressure of price inversion on stricter environmental protection and high costs. In the short term, the market is expected to stabilize.

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Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten concentrate prices in China remain weak adjustment since late October due to lukewarm demand from end users after customers retreated from the market. Insiders are not optimistic about the outlook as a result of consumer destocking, a global economic slowdown and geopolitical turmoil. 

Rare earth market quotation in China: rare earth prices are unchanged from the previous trading day as the market is in a stalemate with thin market trading. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate and molybdenum powder edge lower while ferro molybdenum price keeps stable. Although market inquiry increases, insiders have different views towards the outlook. 

Youmo Li is China's first person of complete separation of the single rare earth element. He is a scientist unknown to the public. A few decades ago, Youmo Li actively responded to the call of the party and the state to participate in supporting the construction of the Northeast, and assigned to the work of Changchun Institute of Applied Chemistry of Chinese Academy of Science (CIAC) until retiring.

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten market maintains stability with quiet market transactions. On the one hand, the terminal side keeps low purchasing enthusiasm; on the other hand, raw material companies gradually face pressure of price inversion with limited profits. In the short term, the market is in a stalemate. 

Rare earth market quotation in China: the latest of terbium oxide and praseodymium oxide prices edged lower while dysprosium oxide and DyFe prices climbed slightly in the middle of the week Wednesday November 13, 2019. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate declined slightly as a result of lukewarm demand in the market. 

Molybdenum demand continuously expands as the output of the 300 series stainless steel keeps growing. According to IMOA data, newly increased molybdenum concentrate production in China is expected to increase by 15,000 tons in the next four years, with a compound growth rate of 3.8%.