Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained stability in the week to Friday March 22 on firm raw material prices but high pressure of smelting factories. Considering the deadlocked supply and demand in the market, market participants mainly take a watchful stance.   

Rare earth market quotation in China: prices of terbium oxide, dysprosium oxide and DyFe edge higher but praseodymium oxide price declines slightly on Mar. 25, 2019. For terbium and dysprosium products, affected by Chinese environmental protection policy and reduced imports, the supply is expected to be tight, so prices keep rising. 

Opening this week, Chinese molybdenum prices are unchanged from last week due to quiet steel biddings. As the decline in international molybdenum prices weakens domestic market confidence, high-price resources are hardly concluded, and low-price goods are few, domestic molybdenum market tends to maintain stability. In the short term, market participants would focus on the move in steel biddings.

In the basement of the Beijing Military Museum, there is a line of anti-aircraft guns. The so-called anti-tank gun is the old name of the anti-tank gun. There are various types of anti-tank guns in Germany, Japan, France and the Soviet Union. One of the most famous is the German artillery of World War II, the Pak-38 50mm traction anti-tank gun.

According to Sohu Military Report: Recently, the Australian Army Ground 400 procurement plan finally decided on the model yesterday. The Australian Army officially announced the final winning model on the 14th, which is the boxer CRV heavy infantry combat vehicle of Rhine Metal Company of Germany. The win also enabled German Rhine Metal Company to obtain super orders of up to $5 billion.

According to foreign media reports, 100% of all smelters and refineries identified in Apple's supply chain have participated in and completed independent third-party conflict mineral (3TG) audits for three consecutive years. Recently, Apple announced the information of gold, tantalum, tungsten, tin and cobalt smelters and refineries in these supply chains on its official website. As of 31 December 2017, 250 mineral suppliers have been identified.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China have been maintained stability since March due to continued deadlocked supply and demand. With the end of Two Sessions, the operating rate of mines increases, but the weakness in the demand side weakens market confidence. The whole market prices are expected to keep stable. 

Rare earth market quotation in China: domestic rare earth price continued to show different trend in the week to Friday March 22. For dysprosium and terbium market, sellers were reluctant to sell their products at low prices and kept raising their offer levels owing to the tight supply. But for praseodymium and neodymium products, purchasers remained weak buying appetite and market transactions were hardly concluded. The market was in a stalemate. 

China molybdenum prices rose slightly in the week to Friday March 22. For the molybdenum concentrate market, the supply of molybdenum ores remained tight, raising sellers’ rised mentality. But with the influence of decline in prices of steel tenders and international molybdenum prices, market participants entered the market with care. In the short term, market supply is expected to increase as more and more factories start to production again. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrates tightness and a new round of inspections in China’s Jiangxi province lent support to the raw material markets in China. But considering the weakness in the demand side, tungsten market is caught in wait-and-see atmosphere.