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. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day on cautious sentiment but good confidence of traders. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro molybdenum and ammonium metatungstate(APT) prices in China maintain stability because upstream is reluctant to sell at low prices considering the cost and profits while downstream seeks for lower purchase prices with poor confidence for late demand. 

China rare earth prices moved up slightly in the week began on Monday August 2, 2019 owing to tight supply, decreased low price resources and active inquiry of downstream. Most manufacturers are optimistic about the outlook. 

Molybdenum market quotation in China: the latest prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide rise slightly in the week ended on Friday August 2, 2019 thanks to the tightening availability of raw materials and good market confidence. 

US President Trump said through social media on the afternoon of the 1st that the United States will impose a 10% tariff on the $300 billion imported from China from September 1 this year. However, Trump said that he will continue a constructive dialogue with China on a comprehensive trade agreement, and the future of China and the United States will be bright.

US President Trump announced that it will impose a 10% tariff on China’s $300 billion in US exports on September 1 and the Fed’s interest rate cuts are lower than expected. International oil prices maintained their downward trend after the previous trading day in the morning. In the afternoon, the price of oil was plunged because of Trump’s announcement of tariffs.

Trump still said that he is looking forward to continuing dialogue with China on the comprehensive trade agreement. China and the US ended their two-day trade talks in Shanghai on Wednesday. Neither side announced any breakthrough. The Chinese side said the talks were constructive and said that the next round of talks will be held in the United States in September.

After the Federal Reserve cut interest rates, last night US stocks were reliable until the early hours of the morning, and the Dow once rose more than 300 points. However, the good times did not last long, the US stocks quickly dive in the afternoon, and the Dow once fell more than 300 points. At the close of the day, the three major US stock indexes closed down. The Dow fell nearly 300 points, down 1.05%, the Nasdaq fell 0.79%, and the S&P 500 index fell 0.90%.

Previously, Trump included tungsten and molybdenum products in the tariffs imposed in July.

Henan is an important province of tungsten and molybdenum resources in China, and the province aims to take advantages to build a strong non-ferrous metals industry. In 2018, Henan molybdenum concentrate production accounted for 35.53% of the country's total output. The reserves and output of tungsten ore resources are among the best in China.