Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China remains stable with imbalanced relationship between supply and demand, and low transactions concluded. Tungsten concentrate sellers are reluctant to cut product profits, resulting in the difficulty in purchasing low-price resources. Offers of mainstream products stand at about $12,352.9/t. 

Rare earth market quotation in China: the praseodymium oxide, lanthanum oxide and cerium oxide prices maintained stability in the week ended on Friday July 31, 2020 when the whole market trading became active and downstream buyers had high willingness to prepare raw materials. 

The ferro molybdenum, molybdenum concentrate and molybdenum rod prices in the Chinese market were in the downward trend in the week ended on Friday July 31, 2020 as buyers and sellers held different towards the trading prices. Downstream users remained rigid demand to keep reasonable inventories while upstream sellers who faced great selling pressure were will to increase the shipments. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep firm as the rise in new average tungsten forecast prices from listed tungsten companies boosted market confidence. But affected by persistent weakness in the demand side and the instability in international economy and politics, the price increase is limited. 

Rare earth market quotation in China: the terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to rise as downstream users have more willing to inquiry or purchase, which makes sellers keep their firm offers. The actual transactions seem increase. 

The molybdenum concentrate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market are in the downward trend at the end of July due to cautious sentiment of market participants. Offers in the market are in a low level, but deals still see no increase. 

Apple developed a new robot that takes apart a specific component in iPhones so that rare earth magnets, tungsten, and steel can be recovered. The robot, dubbed "Dave," disassembles the iPhone's Taptic Engine, which is what creates the "buzz" feedback when a user presses a virtual button on the screen, essentially providing the sensation of pushing a moving button. The robot allows the company to better recover key materials, such as rare earths and tungsten, while also enabling recovery of steel.

To build the first grid-scale lithium-ion battery energy storage system, US equipment manufacturer and engineering solutions provider Honeywell and DTEK, Ukraine's largest private-sector energy company, have announced an agreement to launch Honeywell's Experion® Energy Program. According to foreign media reports.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) market is showing signs of a recovery after prices climbed to around $209.40 per mtu this week, having held closer to $199.4 per mtu for approximately a month. At the same time, prices in the upstream tungsten concentrate are said to be on a similar upward trajectory.

Rare earth market quotation in China: the prices of dysprosium oxide, terbium oxide and praseodymium neodymium oxide continue to rise despite of low trading activity. But under the negative factors, most sellers have strong rised mentality.