Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in a stalemate in the week ended on Friday August 2, 2019 as raw material sellers were hard to increase products prices and downstream buyers failed to forcing prices down. This week, market participants would wait for the new tungsten forecast prices from Ganzhou Tungsten Association and offers from listed companies. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide, dysprosium oxide and praseodymium neodymium oxide climbed slightly in the week began on Monday August 5, 2019 on reluctant sentiment of mainstream mining enterprises with the impact of Sino-US Shanghai consultations. 

At the beginning of the week, Chinese molybdenum prices continued to be stable. Most of purchasers increased their consumption with higher enthusiasm while sellers have strong rised mentality but remaining on cautious trading.  

Dabaoshan is a used tungsten-molybdenum mine pollution mountain located in Shaoguan city, which is more than 1,000 meters above sea level. The 673meter elevation line contains limonite, copper, sulfur, lead-zinc ore, and tungsten-molybdenum ore, accompanied by gold, silver, tellurium, bismuth and other rare metals. Not only the metal content and variety are large, and the ore deposit is bare and easy to mine.

If Sino-US relations are going to break down, US will face the dilemma of not getting enough qualified rare earth, which is undoubtedly a situation that Trump needs to change. Thus, the "Golden Lion King" gathered his eyes on China's neighbor- Mongolia.

Looking for rare earth dives Trump crazy, American leader finds Mongolia this time, the second-largest proven reserves in the world. Although the US claims to be the "world hegemon", the tombstone of former America President Nixon even engraved the words "world peacemakers." In reality, what they did was “the opposite.” Americans are good at “carding others’ necks” and have always been proud of them. A few decades ago, their rare earth technology was the first in the world, they are not less to do this kind of thing.

Semiconductor large integrated circuits (wafers) are the most advanced manufacturing technology in the world. For a long time, China has lagged behind developed countries in this field. The world's most advanced chip technology is monopolized by Europe and the United States. The annual cost of chip imports in China has exceeded that of crude oil. At the same time, China has to bear the risk of American "food cut" in science and technology from time to time.

Throughout May, APT prices began an air trip in the past month, rising all the way to more than 180,000 yuan/ton, affected by environmental inspections being conducted in Jiangxi, the world's most important tungsten production center. Until last week, the tungsten price finally stabilized. At present, the prices of the two main tungsten intermediate products, whether ammonium paratungstate or tungsten concentrate, remained basically unchanged.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability despite of strong rebound willingness in the market. Sellers now are reluctant to sell at low prices while downstream still is not active in replenishment. Under the current circumstances, the market is expected to stabilize in the short term. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide and dysprosium oxide edge higher at the beginning of August thanks to tightening availability of raw materials and active trading atmosphere.