Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate and ammonium paratungstate (APT) prices start to show signs of rise after the stabilization in the previous stage in sluggish spot conditions. 

China rare earth price kept stable on the whole in the week ended on Friday July 17, 2020 under mixed factors. Prices in the light rare earth market tended to increase on active inquiry from downstream. 

Molybdenum market quotation in China: the prices of ferro molybdenum, molybdenum concentrate and molybdenum powder are unchanged from the previous trading day in the week ended on Friday July 17, 2020. With the approaching the weekend, market trading becomes active and transactions also increase. 

Exploring new directions for rare earths applications. Recently, Baotou Research Institute of Rare Earths has built an industrial trial line with an annual output of 300 tons of hydrogen storage alloy materials, using a 200Kg intermediate frequency induction process and 300 Kg intermediate frequency induction furnace process to develop the alloy products respectively.

Nano tungsten oxide-based materials have become a research hotspot in the field of anode materials for next-generation lithium-ion batteries amid the main use of graphite being as a cathode material for commercial Li-ion batteries. In CATL, two years after going public, it took a significant position on the Growth Enterprise Market (GEM). On July 7, the total market value of the CAT reached 431.7 billion.

Cobalt-free battery's increments may boost the growth of tungsten trioxide demand. Recently, in the background of the global macroeconomic downturn, low-cost cobalt-free batteries have once again become the hottest topic in the field of energy storage. The advent of the era not only reduce the pressure of automobile manufacturers but also promote the new mineral resources, such as tungsten ore.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder markets continue to soften in response to weakening demand with both China and overseas markets entering the summer slowdown. Producers have to slash offer prices to min available considering the current low prices.  

Rare earth market quotation in China: the prices of terbium oxide, dysprosium oxide and DyFe drop slightly due to weak market confidence under the off season. Transactions need to be followed up in the short term. 

China molybdenum price remains weak adjustment amid low buying appetite and imbalance relationship between the supply and demand. Sellers have strong willingness to sell products while consumers' consumption for raw materials is weak. As a result, actual transactions are limited. 

Analysis of latest tungsten market from Chinatungsten Online

The Chinese domestic 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.