Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China are still in the downward trend in early July due to negative sentiment of insiders affected by weak demand and thin market trading. 

Rare earth market quotation in China: terbium oxide price dropped slightly while prices of lanthanum oxide and cerium oxide remained unchanged from the previous trading day. The listed prices of Southern Rare Earth edged lower in early week, showing a rational sentiment in the market. 

The latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide in the Chinese market remain stable in early July on deadlocked supply and demand, cautious sentiment and low trading activity. 

Rare earths and tungsten are trump cards of China, the United States is cooling down Sino-US trade war, the outside world believes that China’s holding the trump cards are largely countering the United States.

Analysis of latest tungsten market from Chinatungsten Online

The trajectory of tungsten prices in China has been largely downwards, as the market has adjusted to some extent to the curbs on supply, and as wider global economic growth has begun to slow.

Rare earth market quotation in China: domestic rare earth prices continue to maintain stability in midweek Wednesday July 3, 2019. With the easing of Sino-US trade relations and the declined enthusiasm of speculative speculation in the market, traders' participation in trading sentiment tends to be cautious with heavy wait-and-see sentiment. Considering the low trading activity, prices of rare earth products may stabilize in the short term. 

China molybdenum prices start to show signs of rise in early July. firstly, downstream molybdenum concentrate prices keep at a relatively high level with active inquiry; secondly, some mainstream mining enterprises would stop production to undergo repair and with the approaching of second round of environmental protection inspection, the raw material markets are supported; finally, prices and quantity of steel tenders for ferro molybdenum increase, which boosts market sentiment. 

New national policy for tungsten and molybdenum has been issued: cancel the prohibition of foreign investment in molybdenum exploration and mining, and encourage foreign investment in tungsten and molybdenum deep processing industry.

THE PDC's 2019 World Series of Darts begins this week, with Las Vegas set to host the Dafabet US Darts Masters and Dafabet North American Championship.

Like many of the 35 minerals and metals deemed critical to the United States, China controls the new tungsten coming into global markets.