Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China continue to be weak in late October when tungsten association lowers down the average tungsten forecast prices, which are line with current market trend. At present, most insiders keep cautious and will not active in trading in the short term. 

Rare earth elements (REEs) are located in group III of the periodic table, which includes cerium (Ce), lanthanum (La), and other elements. Because the use of antibiotics as growth promoters was banned due to global health concerns, researchers are focusing on exploring alternative safe and effective animal feed additives. Recently, REEs have been involved in many medical, industrial, zootechnical, and agricultural applications. They play a pivotal role in functional and structural molecules in the biological system.

Including 64,000 tons of molybdenum, Hot Chile announced the total resources of its Costa Fuego project in Chile. The project includes three deposits in Cortadera copper mine, Productora mine and San Antonio mine.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten powder and cesium tungsten bronze prices remain weak adjustment because the market is quiet. Insiders are worried about the impact for downstream consumers from sluggish international markets and environmental protection costs squeezing the profits. Therefore, they are not active in trading, waiting for new guidance. 

Rare earth market quotation in China: neodymium oxide price maintains stability while praseodymium neodymium oxide and metal prices edge higher on October 21, 2020. In the case of poor macroeconomic market, the whole market keeps quiet. 

Molybdenum market quotation in China: sodium molybdate, molybdenum bar and molybdenum oxide prices are unchanged from the previous trading day due to deadlocked supply and demand in the market. Under persistent weakness in the demand side and low inventories of downstream, suppliers are still reluctant to sell their products.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in the Chinese market stabilize in early week began on Monday October 19, 2020 due to different psychological prices of buyers and sellers and low trading activity in the market. 

Rare earth market quotation in China: praseodymium neodymium oxide price edges higher while europium oxide and neodymium oxide prices keep stable on October 20, 2020 under the influence of many uncertain factors on the market. 

Molybdenum market quotation in China: molybdenum powder, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from previous trading day on October 20, 2020 as both buyers and sellers enter the market slowly with limited deals concluded. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained weak adjustment in the week ended on Friday October 16, 2020 as the demand side was weak and market participants were not willing to purchase at current market trend.