Analyzing on the tungsten concentrate output status by the supply side and demand side, although tungsten concentrate output will keep stable in a short-term, while there are challenges and risks exist.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, China tungsten prices were unchanged from last week affected by declined new guide prices from large tungsten companies and deadlocked supply and demand in the market. Now the product prices come close to the cost level and the demand side still remains weak. Most traders have not high enthusiasm in trading, seeking for low-price resources. Given that, insiders may continue to take a watchful stance this week. 

Tungsten concentrate output maintained a stable operation last year. The output of tungsten smelting and processing products kept growing. Especially the output of tungsten cemented carbide continued to maintain a double-digit growth trend. The steady supply of tungsten concentrate output in the market will continue. As tungsten concentrate market demand is high.

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal continue the upward trend thanks to active trading atmosphere in the market. 

China molybdenum prices are unchanged from the previous trading day on cautious market mentality. The factories have strong uncertainty about the recent steel tenders and downstream demand replenishment. So with the support of the cost side, the market stabilizes with rare transactions. 

Tungsten carbide powder used in global paints and coatings market forecasted to reach $262.5 billion by 2023, the market growth is driven by the increasing demand for painting and coating solutions from the automotive, electronic, and construction industries. Especially it’s important adoption in 3D printing.

Tungsten industry with decades of development has gradually matured and the market competition is relatively full. However, the current industrial concentration is still low. There are four main barriers for new commers to entering the tungsten industry

Forecast on global tungsten carbide powder market size is likely to reach $2,176.8 million by 2023 from 14.5 billion valued in 2015 for a large scale, according to the market research report published by P&S Intelligence. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices were in the downward trend in the week ended on Friday June 14 as the expected fundamental recovery cannot relieve pressures of weak demand and capital shortage. Mainstream tungsten product prices tended to decline to the level of cost. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide edge higher early in this week on boosted market confidence. For medium and heavy rare earths, businesses have strong rised mentality under the worry of tight supply and active trading of downstream factories. Light rare earth elements also are boosted by the rise in ores, especially for rare earth oxides.