Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, China tungsten prices continue to maintain stability on deadlocked supply and demand in the market. Sellers now focus on environmental protection inspection’s influences on cost and supply of raw materials. While buyers are waiting for moves in the demand side.

Rare earth market quotation in China: domestic rare earth price continues to be stable on Tuesday November 13. The listing prices of Northern Rare Earth on last Friday were unchanged from October, but are higher than current market prices, showing a strong rised mentality of insiders. The demand side still faces pressure and actual transactions need to be followed. Under the deadlocked supply and demand, insiders are caught in wait-and-see mood. 

China molybdenum prices are unchanged from the previous trading day, although they show signs of decline. Recently, more ferro molybdenum manufacturers have considered profit-taking as steel mills become less active in steel biddings and purchasers try to lower transaction prices. Under the tight supply in the raw material side, insiders have good expectations for the outlook. In the short term, environmental protection, operate rate of factories, steel biddings and demand are the focus of the market. 

Metal carbides play a vital role in end use industries, due to their valuable properties. Globally, they play a dynamic role in many areas of material science, physics and chemistry. These metal carbide are available in various sizes and shapes, and offer a variety of properties, such as such as hardness, stiffness, etc. Tungsten carbide is one of these metal carbides and exhibits the aforementioned properties. It is produced by the reaction of tungsten hexachloride with methane or methanol, which is the source of carbon in the reaction. Tungsten carbide is an inorganic chemical compound, represented by the chemical formula WC and physically, it is in the form of a fine grey powder. The formation of tungsten carbide involves an equal number of carbon and tungsten atoms. In terms of properties, tungsten carbide is much stiffer than steel and denser than titanium. Its hardness is comparable with precious metals, such as ruby, sapphire and corundum. Owing to tungsten carbide’s high resistivity to abrasion, it is widely used in the manufacturing industry for cutting tools. The only drawback in the application of tungsten carbide is that it can decompose at high temperatures and separate into its initial form, i.e. as tungsten and a carbide.

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remained weak adjustment in the week to Friday November 9. The new round of guide prices from institutions and large enterprises edged lower earlier in last week, which pressed market confidence to some extent, although they were basically in line with market expectations. Supported by supply and cost sides, traders were reluctant to cut profits, and the supply and demand will continue its deadlocked situation. 

Rare earth market quotation in China: domestic rare earth price keeps steady earlier in the week to Monday November 12 when market participants wait for the new listing prices of Northern Rare Earth. The supply and demand are in a stalemate in the market and the operating rate of downstream factories reduces. The continued thin market trading will stabilize rare earth prices. 

Molybdenum market quotation in China: The latest prices of molybdenum powder, molybdenum oxide and molybdenum bar are unchanged from last week. The market seems to be weaker in response to the advantages brought from environmental protection inspection and tenders in steel mills, and trading activity reduces. More sellers consider profit-taking, which further lowers average transaction prices. With the support of high costs, manufacturers remain rational sentiment. 

Tungsten is a dense, robust metal that has a number of valuable applications, particularly in the chemical industry thanks to its corrosion resistance. Its hardness and extremely high melting point, however, have made it a difficult material to 3D print. 

As the threat of space-based weapons - and treaties to limit them - occupies an increasingly large part of defense spending and international competition, nations have sought loopholes in existing treaties to get a leg up on their opponents, including placing kinetic energy weapons in orbit.

Additional material manufacturing is a new processing technology, commonly known as 3D printing, which is different from the traditional "removal" manufacturing. It does not need the original embryo and die. It directly forms any complex shape object by adding material layer by layer according to the computer three-dimensional model data of parts.