Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China started to show signs of rebound in the week began on Monday July 15, 2019. Although the negative atmosphere of demand and capital still affected market transactions, product prices appeared to reach the cost line. Under the expectation of raw material products cuts and increased demand of downstream, smelting factories and traders raised their willingness of higher offers. 

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal decline slightly on quiet demand for raw materials and heavy wait-and-see atmosphere in the market. The light rare earth markets remain weak while medium and heavy rare earth markets also stabilize at the end of July. 

Opening this week, Chinese molybdenum prices remain firm as the supply of raw material keep tight, supporting transaction prices. Trading volumes in the molybdenum concentrate market increase due to heavy rains and environmental protection inspection affecting works in some mines, plus with active replenishment of downstream.  

Why should People's Liberation Army of China (PLA) use expensive tungsten core armor-piercing projectile in the speed of more than 10,000 rounds near anti-aircraft gun? The ability to fight is kingcraft!

In the Sino-US trade war, China limits rare earth exports could benefit Japan, said by a Japanese magnet manufacturer. This is because, after 2010, Japanese manufacturers have reduced the use of it and promoted the development of substitutes. 

Yang Li won the third prize in the adult group of international tungsten inert gas welding (TIG welding), he has shown the talent and strength of employees in China Huaneng Group Co., Ltd to the world.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices stabilize but start to show sign of rise in the week ended on Friday July 19 as more and more enterprises replenish raw materials, easing the worry of persistent weakness in the demand side. 

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal dropped slightly on thin market trading. Now the light rare earth market is in the off season, so companies remain low buying appetite with heavy wait-and-see atmosphere. The medium and heavy rare earth market also is weak with rare deals concluded. but with the support of environmental protection checks, the market may rebound in the short term. 

Chinese molybdenum prices were in the upward trend in the week began on Monday July 15, 2019 on active steel tenders for ferro molybdenum and increased market inquiry. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten markets globally were squeezed from oversupply and lack of demand from the automotive, cemented carbide and special alloys industries, resulting in falling prices. The sharpest decline was noted in China, the world's top producer.