Analysis of latest tungsten market from ChinaTungsten Online

Trading in the raw material market continues to be thin and thus consumption for tungsten primary products is weak. Before the release of guide prices from large tungsten enterprises and institutions, businesses are generally negative about the outlook. 

Chinese rare earth price remains weak adjustment this week because rigid demand fails to meet market expectation and sellers do not benefit from purchasing and storage policy. 

Molybdenum price in China is unchanged from the previous trading day as trading activity remains quiet in the market. Although operating rate increases, enterprises’ consumption for molybdenum raw materials is low. With the stabilization of international molybdenum prices, Chinese insiders hold different views on the outlook. In the short term, molybdenum price will still be stable.

Analysis of latest tungsten market from Chinatungsten Online

Xiamen Tungsten, a Chinese tungsten enterprise, released its first guide prices in July. APT was quoted at $304.2/mtu, a $3.5/mtu lower compared with last time.

Rare earth price in China maintains stability on whole while enterprises lower offer levels to move materials in some regions. With production capacity recovering gradually, pressure for supply side comes again, plus limited consumption in the off season, the whole trading is thin. In the short term, rare earth price is likely to be adjusted in a narrow range. 

Chinese molybdenum price maintains stability and market trading increases after price levels moving lower. Traders now pursue stability, but the continuous imbalanced between supply and demand differs mentality of buyers and sellers. 

At 12:50 on November 21st, our new generation launch vehicle, long march six, was successfully launched at the Taiyuan satellite launch center. This is the first commercial launching mission of the long march six launch vehicle following the successful first flight in 2015. The launch was carried out in an arrow and Samsung way, successfully sending three "Jilin One" video satellites to the intended orbit.

Chemists from Russia and China have developed a new superhard material for use in drilling, machine building and other fields. The new tungsten boride they discovered outperforms the widely used 'pobedit' - a hard tungsten carbide and cobalt composite material with artificial diamond interspersing. The results of their research were reported in the renowned scientific journal, The Journal of Physical Chemistry Letters.

Analysis of latest tungsten market from Chinatungsten Online: Smelting factories in major tungsten production areas restart production gradually, which presses market mentality. Traders raise risk consciousness in off season and compete with others to move materials. As a result, transaction prices are lowered. 

Rare earth market quotation in China: the latest price of praseodymium neodymium metal and praseodymium neodymium oxide declines slightly from last trading day while cerium oxide price remains unchanged. The weakness in Chinese rare earth prices comes to low buying interest of downstream purchasers and imbalanced supply and demand.