Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment as raw material manufacturers’ rised mentality did not get support from the fundamentals of supply and demand and new tungsten guide prices. Downstream factories were not active in accepting orders amid cautious mentality of insiders. Tungsten product offers around the top of current ranges also showed signs of decline.  

The latest prices of europium oxide, cerium oxide and praseodymium neodymium metal are unchanged from the previous trading day, although the whole market prices tend to decline. The weakness in demand side continues to affect trading volumes thin market trading and quiet policy side weaken traders’ confidence. But under the support of environmental protection and production costs, rare earth price is not likely to decline sharply.  

Affected by Chinese environmental checks in major production areas in Jiangxi province, Chinese molybdenum prices continue to keep firm and market confidence is boosted. Prices and quantity of steel biddings show good signs, increasing trading activities. 

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten guide prices were released by large enterprises on Monday October 22, which showed a more conservative approach of most insiders to the outlook. The weak demand for tungsten carbide and alloy products discouraged manufacturers in the raw material side. The deadlocked supply and demand in the industry chain also made market trading thin. Given that, mainstream tungsten product prices may be difficult to rise, but are likely to decline. 

Rare earth market quotation in China: domestic rare earth price continues to remain weak adjustment because the policy side keeps quiet. Downstream customers are cautious about purchasing, resulting in weaker market confidence. Although the supply side benefits from the inspection, the pattern of supply and demand is not changed. Traders even consider profit-taking in some regions, which brings some bad news for the market. 

Under stricter Chinese environmental protection policy, the supply of raw materials is expected by insiders to be tight and operating rate of smelting factories would be affected. Besides, centralized tender of steel mills is likely to increase trading activity. So molybdenum prices have showed good momentum recently. But the recent decline in international molybdenum prices may increase risks at high prices.

The artisan rings company has recently acquired and released a new line of unique black tungsten carbide rings , intended as wedding or engagement bands for men. The new black tungsten collection sold by the artisan rings is made from tough tungsten carbide, an extremely durable and scratch-resistant composite, meaning the wearer doesn't need to worry about their precious wedding band losing its finish over time. The tungsten carbide rings offer a unique take on traditional bands, and if a couple wants a matching set, the company stocks coordinating sets fit for the bride as well.

Analysis of latest tungsten market from China Tungsten Online

At the beginning of the week, China tungsten price was temporarily stabilized, and the market was concerned about the upcoming price guidance for the large-scale tungsten enterprises in the second half of the month. At present, the mentality of buyers and sellers in the tungsten industry chain still shows differences. The raw material price is strong, which drives the middle manufacturers to quotation higher. 

China rare earth price continues to be stable on continuous deadlocked supply and demand in the market. The operating rate of downstream factories lowers while customers remain low buying interests. Therefore, the whole trading is thin. Besides, insiders have different attitudes towards market outlook, considering unclear policy of purchasing and storage. In the short term, rare earth price will be in a stalemate. 

The latest prices of ammonium molybdate, ammonium heptamolvbdate and molybdenum bar are unchanged from the previous trading day in the week to Tuesday October 23. Under the stricter environmental protection inspection, high raw material prices and tight supply, insiders have good mentality and sellers have strong rised mentality. Some traders even cut profits for more sales in some regions. At present, market participants focus on steel biddings.