Huge reserves of tungsten mine creates value as well as brings a resource crisis, just like China's rare earth events, policy makers have realized the seriousness of the problem and introduced corresponding protection measures.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continued the downward trend in the week ended on Friday June 28, 2019 owing on weak market confidence, low buying appetite of terminal market and buyers demanding for lower product prices. 

Rare earth market quotation in China: domestic rare earth prices remained weak adjustment in early July as the G20 summit on the weekend and the Sino-US economic and trade consultations have an obvious influence on market sentiment. The rare earth prices rose sharply in the previous period has gradually declined, considering transactions hardly following up the high prices. At present, oversupply still weights on rare earth prices and most market participants take a watchful stance. 

Opening this week, China molybdenum prices remained unchanged from last week under stabilized offer levels in major production areas in June and steel tenders for ferro molybdenum. Recently, many markets besides China have taken a break for summer while the market in China also gradually enters off season. So traders remain low trading activity. The whole market is now caught in wait-and-see atmosphere, with rare transactions concluded. 

Tungsten concentrate price and the tungsten mine output trend are basically keep the same for more than 100 years in the past, and gradually rise in turbulence, it is being closely related to the speed of global economic development. Its price has skyrocketed due to international wars and crises, while in the 1980s, low-cost Chinese tungsten concentrates gradually occupied the global market, the oversupply led to a long-term downturn in its price.

America published a new US critical minerals lists, including tungsten and rare earths, US government have expanded the number of key products on the list to 35 categories.

How does tungsten make the fracture mechanics in Soviet Union lag behind the US about a decade? As they are on par with each other on intercontinental missiles and aerospace technology, in low-stress fracture mechanics Soviet Union has been behind the United States for about ten years.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain weak adjustment due to the sluggish demand in the whole market at home and abroad. In China, smelting factories have strong willingness of inventories cuts, and companies who face capital shortage also reduce prices for more sales. This sentiment makes transaction prices continue to be under pressure. 

Rare earth market quotation in China: domestic rare earth prices maintained stability in the week ended on Friday June 28, 2019 as the market retuned rationality after a period of sharp rise. For medium and heavy rare earth elements, under Chinese environmental protection inspection, manufacturers still have strong expects for the supply, so sellers were reluctant to sell but downstream buyers remained cautious of stocking up. For light rare earth elements, product prices were in the downward trend affected by sluggish demand. 

Chinese molybdenum prices were unchanged in the week ended on Friday June 28, 2019 on deadlocked supply and demand in the whole market. Molybdenum concentrate market stabilized with firm offer levels in the major production areas.