Analysis of latest tungsten market from Chinatungsten Online

A steep downturn in consumer spot demand and geopolitical turmoil dragged European tungsten prices to a near three-year low, with the premium to the Chinese market narrowing, despite the Yuan’s depreciation this month.

Rare earth market quotation in China: rare earth prices continued to rise slightly in the week ended on Friday August 9, 2019 with thin market trading. With the strengthening of environmental protection, most small and medium-sized mining enterprises had to limit the release of production capacity.

In the ferro molybdenum market, Chinese export prices have surged by almost 13pc since the beginning of July, and this in turn has boosted prices elsewhere, particularly in Europe. By comparison, prices for 65-70pc grade alloy rose by 1.7pc over the same period, Argus data show.

Through solid tungsten target to obtain neutron beams, the Chinese spallation neutron source (CSNS) project completed with high quality in exploring the microscopic world, filling the gap in the domestic pulse neutron application field.

Analysis of latest tungsten market from Chinatungsten Online

The new guide prices for China tungsten market were released by listed companies and tungsten associations on Wednesday August 7, which rose slightly compared with last time but lowered than current market prices. The price failed to meet market expectations and market trading remained low.

China rare earth prices continue to be in the upward trend on the whole owing to active market inquiry despite of cautious sentiment of traders. At present, downstream enterprises are more cautious in taking goods, and they are in conflict with high-priced goods, while holders are looking forward to rising product prices, and thus low-cost goods are hard to find. 

The growing premium in China's molybdenum and vanadium alloy prices to Europe has sparked a price rebound in western-grade material as this signals a potential increase in export demand from Asia-Pacific.

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and tungsten powder prices are unchanged from the previous trading day on severe situation of the Sino-US trade talks and heavy wait-and-see atmosphere in the market. 

The terbium oxide, neodymium oxide and praseodymium neodymium metal prices in China rare earth market continue to rise in early August. Due to the successive introduction of national policies and the impact of high temperature and heavy rains, the supply of medium and heavy rare earth elements would continue to be tight, plus Sino-US trade frictions are escalating, the risk-aversion feeling boosts confidence in strategic metal markets, according to industry insiders. 

The molybdenum concentrate, molybdenum oxide and molybdenum power prices in China remain unchanged but show signs of rise with the impact of persistent supply shortage, strong rised mentality and active inquiry in the market.