Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices keep stable earlier in this week, but are expected to decline as insiders are negative about the guide prices from institutions and large tungsten enterprises. Companies remain low buying interest after profit margin reduced. At present, the whole market is caught in heavy wait-and-see atmosphere. 

Rare earth price maintains stability in Chinese market on continuous deadlocked supply and demand and unclear policy news. Manufacturers have strong willing to sale products while downstream demand maintains weakness. On the whole, the market trading is thin, replying on rigid demand. 

The latest price of ammonium molybdate, ammonium heptamolvbdate and molybdenum powder climbs slightly in Chinese molybdenum market. The supply in raw material market remains tight under environmental checks while market demand follows up slowly. Operating rate of factories is limited in the off season and downstream companies’ profits reduce due to rising raw material prices.

On the evening of the 3rd, Customs Tariff Commission of the State Council of People’s the Republic of China issued a notice to decide to impose tariffs on some imported goods (second batch) originating in the United States. On July 11, 2018, the US government issued 10% increase on imports of about US$200 billion from China. In response to the above measures by the US, China was forced to take countermeasures. According to the "PRC Foreign Trade Law", "PRC Import and Export Tariff Regulations" and other laws and regulations of international law, the State Council Customs Tariff Commission decided to impose tariffs on 5,207 tax items imported from the United States. The measure involves an import trade volume of approximately US$60 billion from the United States.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices maintained weak adjustment last week as muted demand weakened advantages brought from environmental protection policy. Smelting factories resumed work following the end of inspections, but purchasers still were reluctant to come back to the market and thus deals were hardly concluded. 

Rare earth market quotation in China: domestic rare earth price remains weak adjustment earlier in this week, affected by Sino-US trade friction and quiet policy news of the industry. Downstream enterprises have not high interests in stocking up at present. The environmental checks reduce downstream factories’ operating rate when it benefits raw material market to some extent. In the short term, Chinese rare earth prices will continue this trend. 

Opening this week, prices of ammonium molybdate, ammonium heptamolvbdate and molybdenum bar keep rising in Chinese market. After a round of price hike in previous stage, enterprises make large profits and with the end of steel biddings, traders are willing to sell their products. But considering low buying interests of customers, Chinese molybdenum prices are expected to stabilize.

Meghan Markle and Prince Charles share a rather special relationship. After all, it was Prince Charles who stepped in to walk Meghan down the aisle during her May wedding to Prince Harry after her own father couldn't make it. So it’s no surprise that the future King of England has a rather endearing nickname for his (potentially) favorite daughter-in-law: “Tungsten.”

According to Hongkong's South China Morning Post on December 5th, China will invest in developing two molten salt reactors, a nuclear technology that has been abandoned during the cold war, but it is a more theoretically safer and more efficient nuclear technology. In fact, China is not the only country that tries to reactivate the technology, and the US, Russia, France and Japan are all concerned about the technology, but China seems more serious. This is because the demand of nuclear power plant and uranium is as high as 85%, far exceeding the international warning line of 50%, but the main fuel - thorium in the new type of molten salt reactor is the top of the world in our country. Therefore, the development of the fourth generation new type of molten salt nuclear reactor has a different significance.

On July 25, Jiangxi University of Science and Technology set up the Tungsten Technology journal after the approval by the State Administration of Radio and Television which marks the birth of the first English journal in Jiangxi Province.