Tungsten is a natural rare material. It is commonly found in wolframite and scheelite. Tungsten is famous for its unique properties, such as high density, high melting point and excellent mixing ability. Tungsten is also one of the highest melting point metals found on the earth. Many tungsten alloys are used in various fields, such as bulb filaments, electrodes, X-ray tubes, radiation shielding, microelectronic integrated circuits, superalloys, aerospace, etc. Tungsten is also used for military purposes because of its hard physical form and high density, such as armor piercing shells and insulation shielding. In addition, tungsten products can also be used as catalysts in many industrial processes.

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten price continues its weak adjustment on heavy wait-and-see atmosphere at the end of July. The operating rate of downstream factories remains low in the off season while market demand is weak. So sales in the raw material market become difficulty and trading volumes are thin again.

The latest price of praseodymium neodymium oxide and praseodymium neodymium metal climbs slightly while dysprosium oxide price maintains stability from last trading day. Market participants in Chinese market now are uncertain about the outlook with quiet policy side. Under environmental checks and off season, deadlocked supply and demand will not be eased, and rare earth prices may continue to decline.

The latest price of molybdenum concentrate, molybdenum powder and molybdenum oxide continues to go up slightly compared with last trading day, boosted by environmental checks tightening molybdenum raw materials. Low-price raw materials are rare and businesses are more reluctant to sell in anticipation of low production in mines. 

There is no doubt that 3D printing will be an indispensable component of the future industrial 4.0. As the 3D printing technology of plastic materials is relatively mature, the metal 3D printing technology is also showing great potential for development, which has become an important development direction and hot research hot spot.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices were in a downward trend last week on the weakness in both demand and funds. Although environmental protection policy offers supports for the supply and production costs, trading activity is still thin in the off season. Insiders now are not optimistic about market expectation. 

Chinese rare earth prices are unchanged compared with last week on uncertain policy side and thin trading volumes. In the supply side, spot goods are tight and production costs remain high under the environmental checks. For the policy side, policies for purchasing and storage are still quiet, weakening support for the market. 

Opening this week, Chinese molybdenum prices go up slightly. Prices of ammonium molybdate and ammonium heptamolvbdate edge higher while molybdenum powder remains unchanged. 

According to the information network, on December 7, an Indian drone invaded China's airspace and crashed. The media generally believe that this is another violation of China by the Indian side after the withdrawal of the Dong Lang. Interestingly, many Indian media still eloquently mentioned two other things in the report: First, not long ago, the Indian Army Chief of Staff publicly stated that India cannot be complacent and must be prepared for the war; second, in 1962, China and India have had a war.

Chinese rare earth prices have been maintained stability so far this week on different mentalities of buyer and sellers in price trend. Sellers are reluctant to sell their products at low prices under environmental checks while purchasers remain low buying interests in the off season. The whole market trading is thin. In the short term, rare earth price will stabilize.