Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China still maintain stability as logistics transportation and factories have not resumed working completely. In addition, market participants in the whole industry chain mainly take a watchful stance.

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium oxide and cerium oxide are unchanged from the previous trading day due to low trading activity and wait-and-see atmosphere of the market. Upstream market continues to be unwilling to sell at low prices and has high expectations for environmental protection policy. The supply side is tight on the whole. 

China molybdenum prices were stable with good momentum in the week to Friday February 15. After the holiday of Spring Festival, steel mills issued buy tenders for ferro molybdenum and thus prices and quantity of this product tended to increase. 

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market was slow in the first trading week after the holiday, with prices stabilized and trading activity limited while Chinese market participants were absent for the Spring Festival Holiday on February 5-11. 

Rare earth market quotation in China: rare earth prices continue to maintain stability returning from the Spring Festival holiday. Although more and more enterprises come back to the market, actual transactions are limited. 

Molybdenum market quotation in China: the latest prices of ferromolybdenum and ammonium molybdate rise slightly while molybdenum powder price remains stable. Returning from the Spring Festival Holiday, miners have limited spot goods, but steel mills issued buy tenders and prices of ferro molybdenum edged higher. Also affected by the rise in international molybdenum prices, market participants now have good expectations for the outlook. 

According to Sina's military report, in early March, China Central Television's "Big Power Heavy Weapons" column disclosed the world's first supermaterial production line in Shenzhen. The program said that in this production line, stealth, anti-combustion, anti-icing and other metamaterials have been born. This material may be used in fighter planes, so will it contain tungsten?

According to CCTV Finance and Economics Channel, in the past five years, China's contribution rate of scientific and technological progress to GDP has increased from 52.2% in 2012 to 57.5%, and the global ranking of national innovation ability has risen from 20th to 17th. Mechanisms, talents and finance, like fine-knitted nerve networks and blood vessels, constantly nourish China's steel and iron bones. This is another important tool for manufacturing National Heavy implements - China's unique system fertile soil, which is gathering the most lasting and deepest innovative force.

Rare earth market quotation in China: the latest prices of praseodymium oxide, europium oxide and praseodymium neodymium metal are unchanged from holiday due to heavy wait-and-see atmosphere in the market. Most enterprises do not return to the market and thus market trading is thin. So short-term market will continue to current trend. 

China molybdenum prices rise slightly after the holiday of Spring Festival. In the market, offers from large miners, prices and quantity of steel tenders, production under environmental protection and downstream demand remain unclear. Therefore, most enterprises take a watchful stance. In the short term, the market will stabilize.