The golden egret special alloy is a key member of the Xiamen tungsten industry Limited by Share Ltd of the state-owned listed company. It has a complete tungsten industry chain. It is the largest tungsten powder, tungsten carbide powder supplier and exporter in the world. It is also a manufacturer of high quality hard alloy and its precision cutting tools.

Analysis of latest tungsten market from Chinatungsten Online: Although spot goods in the tungsten concentrate market now are available, sellers keep firm offers, stalemated with downstream purchasers. Transactions of high-price tungsten concentrates increase in these two days, slowing down the pace of rise. Raw material price shows no signs of rise at present.

Rare earth market quotation in China: domestic rare earth price maintains weak adjustment this week amid the price of dysprosium oxide, DyFe and praseodymium neodymium metal stabilizes. The imbalance between supply and demand is continuing and listing prices of large rare earth enterprises edge lower, weakening market confidence. The current market trend will not be changed in the short term.

Molybdenum price in China maintains stability this week, intertwining with favorable and bad factors. Affected by the stricter environmental protection inspection, production capacity of mines reduces and the operating rate of downstream factories also is influenced greatly. Besides, the prices of steel biddings and international molybdenum price fall, weakening market confidence. Under the deadlocked supply and demand, trading volumes would not increase and molybdenum price may drop.

Analysis of latest tungsten market from Chinatungsten Online: Although APT supply is tight affected by environmental checks and terminal market has not strong rised mentality, tungsten concentrate price comes back to $17,741.9/t, APT price reaches 320.8/mtu and tungsten powder price also rises to $44.4/kg. The anxiety in the industry is raised because product prices are high but trading volumes are rare.

Rare earth market quotation in China: domestic rare earth price continues to maintain weak adjustment amid the price of PR ND oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. The oversupply now is eased, plus with the lower listing prices of Southern Rare Earth, negative atmosphere covers the market and some enterprises even reduce offers for more shipments. Rare earth price in China will keep stable this week.

Although transactions of high-price molybdenum concentrate are rare and international molybdenum price falls sharply, Chinese sellers keep stable quotations. Downstream purchasers decide to hold back purchasing because of cost overhang and poor performance in international market. Considering the tightening availability of molybdenum concentrate and some low-price transactions, the raw material market will be in a stalemate in the short term.

For Vietnam’s automobile industry, it is very important to increase the localization ratio and reduce production costs. And as the largest output of mines in the country, could tungsten mines be the springboard for the auto industry?

Analysis of latest tungsten market from Chinatungsten Online: With the rise of tungsten raw material prices earlier this week, transaction prices in China’s market also edge higher, but actual trading volumes still in a relatively low level. This round of rise is boosted by the higher product offers from Ganzhou Tungsten Association and large tungsten enterprises. As a result, the market now has prices but no sales, with higher risks.

Rare earth market quotation in China: domestic rare earth price remains unchanged amid the price of terbium oxide, europium oxide and praseodymium oxide stabilizes. The rigid demand fails to meet market expectations, coupled with sufficient supply of spot goods and without guidance from policy, sellers’ willingness in shipments is stronger than downstream market’s purchasing. In the short term, rare earth price still faces risk of declining.