Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be in the upward trend in the middle of August when most market participants have rised mentality despite of limited deals concluded in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain strong on August 16, 2022 when the supply of raw materials is limited as the production capacity of mining and smelting enterprises has been restrained due to high temperature. 

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium oxide prices continue to drop on August 17, 2022. Under the weak supply and demand, the buyer's market still has great advantages, mainly reflected in the fact that many suppliers are willing to sell at lower prices in order to realize cash.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices decline slightly on August 17, 2022. Under the gradual weakening of favorable factors, the price game between buyers and sellers is more intense, and mutual benefit is not allowed, so the growth rate of orders decreases and the market outlook is uncertain.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable with raw material sellers still have strong rised mentality and buyers keep cautious sentiment. The overall liquidity of the tungsten market is sluggish, and the recent electrical pressure under high temperature and the spread of the epidemic may affect the release of market supply.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was strong in the week ended on Friday, August 12, 2022 due to the significant cost pressure imposed by the external environment, the rise of new guide prices from enterprises and association, and the domestic economic recovery measures that benefit the market demand. 

Rare earth market quotation in China: neodymium oxide, lanthanum oxide and europium oxide prices keep stable on August 15, 2022. 

At the beginning of the week, China’s molybdenum powder, ferro molybdenum and molybdenum concentrate prices remain unchanged on August 15, 2022. 

Yuanyuan Zhu, assistant professor of materials science and engineering and director of the Honors Program at the University of Connecticut (UConn), sees the study of tungsten oxidation as potentially leading to a key breakthrough in nuclear fusion technology. She said, "Tungsten is a gift from nature, and it is special because it has the highest melting point of any metal and remains robust at very high temperatures, making it ideal to use as the plasma-facing divertor armor in fusion."

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to keep stable and strong as raw material manufacturers have strong rised mentality, prompting intermediate traders and downstream smelting users passively follow up the quotation.