Analysis of latest tungsten market from Chinatungsten Online

The latest ferro tungsten and ammonium paratungstate (APT) prices in China start to stabilize with eased supply shortage of raw materials after the National Day holiday but continued weakness in the demand side. The speculation of the industry is gradually cooling down and offers are expected to be re-adjusted. 

Rare earth market quotation in China: the prices of terbium oxide and neodymium oxide declined slightly while lanthanum oxide price remained stable in the middle of October. In the light rare earth market, the prices of products have fallen, affected by the weak market demand of the permanent magnet motor manufacturing industry. 

The latest ferro molybdenum, molybdenum concentrate and powder prices edged lower compared with last trading day due to heavy wait-and-see atmosphere. The molybdenum concentrate market now features declined prices and rare transactions limited by poor performance in the ferro molybdenum market. 

Lithium is widely used in smartphones, pure electric vehicles (EVs) and accumulators, and the value is not to lose rare earth. The growing demand for lithium-ion batteries is bringing new business opportunities to the raw materials sector. In addition to trading companies and resource companies, cross-border companies such as battery companies and IT companies have also set off intricate battles.

Amanda Lacaze, chief executive of Australia's largest rare earths company, Lynas Corp, delivered a speech at the critical minerals conference at the Perth USAsia Centre on Tuesday, criticizing manufacturers outside China for the pursuit of cheap materials and result in a twisted market.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China tend to stabilize due to wait-and-see atmosphere in the market. Upstream traders' profit-taking mentality are raised, so the supply in the spot market has been increased recently. In the meantime, insiders worry the increased supply may affect product prices and thus sellers become cautious. 

Rare earth market quotation in China: the latest prices of praseodymium oxide, lanthanum oxide and praseodymium neodymium oxide continue to be in the downward trend because the trading atmosphere is not good, and the completion of the order is lower than expected. 

Molybdenum market quotation in China: the latest molybdenum concentrate and ferro molybdenum prices decline slightly while molybdenum oxide price is unchanged from the previous trading day. Affected by the drop of international molybdenum prices, domestic market is full of low atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in a relatively high level in the week began on Monday August 14, 2019. Since mid-September, the end of Fanya APT stocks, firm guide prices for this month and speculators entering the market have been raised the market's strong rised mentality. The current spot prices of tungsten have basically reached the expected level of the industry. But high-price transactions are hardly to be concluded. 

The "Tungsten Explorer" drill ship provided by Vantage will be in service to drill "Nigma 1" well in Egypt. According to the Pipeline Oil and Gas Magazine on October 13, the US ADES International Holdings was awarded a deep-water well drilling contract in offshore Egypt.