Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate prices in China continued the downward trend. Although the supply of raw materials gradually showed signs of decrease, the persistent weakness in terminal market dragged market priced down. Some enterprises competing with each other and downstream demanding for lower prices affected the stabilization of tungsten prices.

Rare earth market quotation in China: DyFe and dysprosium oxide prices edge lower while dysprosium oxide price maintains stability. On the one hand, after a long period of speculations for China-us trade consultation, the market return to rationality; on the other hand, the supply and demand are imbalanced affected by high product prices and seasonal factors. The demand side now remains low trading activity. 

Molybdenum prices in China continue to keep stable as firm molybdenum concentrate market make sellers stabilize their offer levels. In the molybdenum concentrate market, large tungsten mines still maintained their new quotes at the beginning of this week. Although market trading seems inactive under tight supply and weak demand, most sellers take a watchful stance. 

Tungsten molybdenum mining adopts more intelligent 5G network in its unmanned excavator, allowing workers sitting in the "office" to open an excavator to mine.

Tungsten molybdenum ore exploration in Luoyang has made great achievements. The reporter from Los Newspaper Media got information from the Bureau of Natural Resources and Planning of Luoyang that, Henan Bureau of Geo-Exploration & Mineral Development deepened strategic cooperation in tungsten molybdenum ore prospecting and achieved many fruitful achievements. 

In the new G20 summit, rare earth and tungsten will become important bargaining chips for China. On June 17th of Beijing time, Wei Meng, the spokesperson from National Development and Reform Commission of the People’s Republic of China said that “Rare earth and tungsten will become a powerful counter-measure of Sino-US trade friction.”

Analysis of latest tungsten market from Chinatungsten Online

The downtrend in Chinese tungsten concentrate prices continued, with suppliers cutting offers amid weak demand after APT refiners in China temporarily halted production. APT export prices also declined in line with the continuous weakening of domestic prices and slow buying activity abroad.

Rare earth market quotation in China: prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide pull back after previous highs in early June. With the declined influence of the policy side, the contradictions in the market fundamentals have re-emphasized. In addition, the recent enthusiasm for purchasing has weakened, so most companies are cautious, waiting for further directions. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium heptamolvbdate and molybdenum powder are unchanged from the previous trading day. Supported by firm molybdenum concentrate market, sellers were reluctant to reduce product prices despite of pressure of weak demand. The new offers for molybdenum concentrate from Heilongjiang large molybdenum mine stood at RMB 1,840-1,870/mtu, which boosted the whole market. 

Tungsten armor-piercing ammunition has been developed successfully in Vietnam according to the report from the Vietnam Army Defense Channel on May 17th. After a series of live test, US M548 crawler-type chassis are modified to 37mm, 76mm, 85mm and 105mm self-propelled guns respectively in the rifle ground of the 9th Military Region in Anjiang Province, western Vietnam.