Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate and tungsten carbide powder prices in the Chinese market remained weak adjustment in the middle of the week owing to low buying appetite. The persistent weakness in the demand side affected the market mentality greatly, coupled with thin market trading and pressure in the raw material side, the market is weak. 

The China rare earth prices show weak adjustment on Nov. 20, 2019 mainly owing to continued deadlocked supply and demand in the market. Insiders now take a watchful stance and actual transactions wait for further increase. Under the Chinese environmental checks, the supply reduces slightly, but as the news side remaining quiet is hard to stimulate the demand side, so spot resources are sufficient. With the support of raw material prices, traders quote rationally. 

The latest ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market show upward trend in the Chinese market on Nov. 20, 2019 when market inquiry become active and traders have good confidence. 

In rare earth quest, Japan will deploy US-made drone submarines to investigate the reserves in the southern waters around Minami-Torishima of Bonin Islands in 2020. And currently, the country says it relies on China for about 60 percent of its rare earths supply.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the ferro tungsten and tungsten powder prices in China remained stable from last week due to low trading activity and deadlocked supply and demand. 

Rare earth market quotation in China: the latest prices of terbium oxide, praseodymium oxide and lanthanum oxide declined slightly while DyFe and dysprosium oxide prices edged higher. Recently, due to the lack of substantial positive news on the policy side, it is difficult to effectively improve the demand side, resulting in a slight increased supply of goods in the spot market. In addition, the capital turnover is not smooth, and most manufacturers have not enough confidence, the product is quoted rationally. 

Molybdenum market quotation in China: the latest prices of ammonium molybdat, ammonium heptamolvbdate and molybdenum bar declined slightly although the market released good signs for traders. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the week ended on Friday November 15, 2019. The supply of raw materials increased while downstream demand remained lukewarm. In addition, traders faced pressure of sales in wake of capital shortage in the fourth quarter. But raw material prices got support from environmental protection policy and high cost. 

The Tōryū-class diesel-electric attack submarine (SSK) for the Japan Maritime Self-Defense Force (JMSDF) equipped with lithium-ion batteries entered the water in a ceremony held at Kawasaki Heavy Industries (KHI)'s facilities in Kobe on the morning of November 6. It is the second lithium battery attack sub in Japan and as the Japanese next-generation sub verification boat numbered as SS-512.

Transition Metals Corp (Transition) acquired a tungsten project in Ontario, Canada. The company is a Sudbury, Ontario-based company and pleased to reveal that it has purchased a 100% interest in the Fostung Property located at Sudbury, Ontario, the property hosts a historic tungsten trioxide (WO3) skarn resource that was stated in 2007 to contain an inferred mineral resource of 12.4 million tonnes grading 0.213 by weight of WO3 minerals, according to a press release.