Analysis of latest tungsten market from ChinaTungsten Online

Chinese ammonium paratungstate (APT) price range narrowed downward in the week to Friday December 14 and wolframite concentrate price in China fell slightly. As the market remained bad trading atmosphere and buyers were not active in inquiries. 

The latest prices of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide declined slightly early in this week due to low trading activity in the market. Market participants show different attitudes toward late market trend. Some of them believe that spot resources will continue to be tight while others consider profit-taking on heavy pressure of funds. In the short term, rare earth market will continued to maintain stability. 

Opening this week, China molybdenum prices continue to remain weak adjustment. Steel market is in the off season at the end of this year, which presses ferro molybdenum market. In addition, capital shortage strengths traders’ profit-taking willingness. Therefore, market transaction prices drop to the level of production costs. 

According to Korean news reports, a research team of photoelectric materials at the Korean Academy of Science and Technology (KIST) has combined tungsten oxide nanofilms with one-dimensional zinc oxide nanowires to develop next-generation photodiode devices that can sense ultraviolet to near-infrared radiation. The devices have a dual-core structure of nanowire semiconductors.

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continue to maintain stability in the week to Friday December 13 as the supply and demand is in a stalemate. Affected by the environmental protection inspection and factories stopping production to undergo repair, profits in the raw material market are squeezed and manufacturers have strong willingness to stabilize their offer levels. 

Chinese rare earth prices continued the stability in the week to Friday December 14. The sentiment of buyers and sellers is different and manufacturers also face different pressure from funds face with different offer levels. 

The prices of molybdenum powder, ammonium molybdate and ammonium heptamolvbdate dropped slightly in the week to Friday December 14 due to continued weakness in steel tenders and pressure of demand and funds. Enterprises have maintained cautious attitude toward the market and cut their profits for more sales recently.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the midweek as terminal demand still limits the price rebound. Downstream factories’ ability for consuming raw material decreases and thus market trading is thin. In the short term, prices of mainstream tungsten products will continue the downward trend.

The latest prices of neodymium oxide, praseodymium oxide and praseodymium neodymium oxide maintain stability in the Chinese market when the tight supply raised enterprises’ rised mentality. But considering the continued weakness in terminal side, actual transaction prices are hard to rise. Besides, policy for storage and purchasing remains quite and supply and demand is in a stalemate. In the short term, rare earth price will mainly stabilize. 

Chinese molybdenum prices continued the weakness, affected by thin trading in the ferromolybdenum market. Molybdenum concentrate manufacturers have strong rised mentality as many factories stop production to undergo repair in winter, but actual transaction prices seem to be edged lower. The whole market now is caught in wait-and-see atmosphere.