Analysis of latest tungsten market from ChinaTungsten Online

In the tungsten concentrate market, trading for spot goods becomes slow as buyers do not have confidence in the off season. The market now is caught in heavy wait-and-see atmosphere and transaction prices are lower than before. High-grade wolframite concentrate price hovers around $16,153.8 per tonne.

Chinese molybdenum prices are in an upward trend this week. On the one hand, mines stopping work to undergo repair reduces the supply and makes sellers reluctant to trade; on the other hand, tender prices for ferro molybdenum rise, boosting market confidence. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices have been declined for nearly one month, which raises sellers’ resistance psychology for low prices. Most purchasers try to force prices down while sellers are reluctant to sell at the level. Therefore, trading volumes are thin. Without supports from supply and capital sides, tungsten market is weak at present.

Rare earth market quotation in China: the latest price of neodymium oxide, dysprosium oxide and terbium oxide is unchanged from the previous trading day on deadlocked supply and demand, heavy wait-and-see atmosphere. Affected by environmental checks, raw material supply is tight while purchasers remain cautious on receiving orders. Market trading is thin again.

The latest prices of ferromolybdenum, ammonium heptamolvbdate and sodium molybdate go up slightly and molybdenum power, molybdenum bar prices maintain stability.

IFG Capital Partners and the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources have signed an agreement to undertake a feasibility study on the development of the Yakhton tungsten deposit in Uzbekistan.

Analysis of latest tungsten market from ChinaTungsten Online

The continuous weak demand and lowered guide prices from large tungsten enterprises have pressed down Chinese tungsten prices so far this week, with the prospect of further falls if market trading is thin. 

The latest prices of praseodymium neodymium oxide and praseodymium neodymium metal decline slightly while neodymium oxide price remains unchanged. Under the environmental protection policy, market participants are optimistic about market outlook, but weak demand is continuing in the off season. Thin trading volumes weaken market confidence at present. 

The latest prices of molybdenum concentrate, sodium molybdate, ammonium molybdate and molybdenum oxide edge higher from last trading day. On the one hand, affected by the environment protection policy limiting mines’ capacity, sellers have strong rised mentality; on the other hand, insiders are optimistic about the outlook and reluctant to sell.

Reported that the previous satellite images can only confirm the existence of China's total 3 094 type ballistic missile nuclear submarines. But there are signs that the production of type 094 nuclear submarines has come to an end, China will then produce the next generation of ballistic missile nuclear submarines, the next generation of attack type nuclear submarines may be produced at the same time. Tungsten materials will also play a very important role in the production of new nuclear submarines. Here we list the main applications of tungsten in nuclear submarines.