Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) price in China tended to fall but still kept stable last week on competitive offers from suppliers and falling forward prices. The market is now at its lowest since February 2017 amid continuously weakening demand. The price of ferro-tungsten was unchanged with spot activity slightly improving last week and business concluded within the range.

Rare earth market quotation in China: the praseodymium oxide price drops slightly while prices of lanthanum oxide and cerium oxide remain unchanged from the previous trading day. 

The ferro molybdenum and molybdenum oxide prices in China decline slightly affected by deadlocked supply and demand in the market. Traders are hard to make offers due to heavy wait-and-see atmosphere in the market. 

Waveguide composed by tungsten disulfide has been developed by the engineers at the University of California San Diego and it is only three layers of atoms thin and is the thinnest optical device in the world! Researchers published their findings on Aug 12 in Nature Nanotechnology.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten concentrate prices in China maintain stability at the beginning of this week on deadlocked supply and demand in the market. 

The neodymium oxide and praseodymium neodymium oxide prices decline slightly while cerium oxide price keeps stable in the Chinese rare earth market on deadlocked supply and demand. Despite the impact of environmental protection, high temperature and rainy weather, small and medium-sized manufacturers have correspondingly reduced production, and prices tended to be raised. 

The sodium molybdate and ammonium molybdate prices in China are unchanged from the previous trading day on strong rised mentality of raw material manufacturers, cautious sentiment in the demand side and limited transactions. 

Australia will step up the rare earth development and production to ensure its supply in Western defense needs, and prevent China from controlling its export as a weapon of trade warfare.

Taking tungsten and rare earth’s advantages, the new energy automobile industry chain has formed in Ganzhou city, Jiangxi province. Before years, due to the low level of technology and weak market prices of rare metals, short-term industrial development relies on "old" resources. The city aims to transfer economy industry and builds a New Energy Automotive Technology City.

Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and Zhangyuan Tungsten have raised both its tungsten concentrate and ammonium paratungstate (APT) price forecasts for August. The increase in the association’s forecast prices failed to live up to market expectations.