Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices are unchanged from the previous trading day on March 30, 2023 affected by the low trading activity in the market.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market continue to be weak on March 29, 2023 because the whole market is still caught in heavy wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are unchanged from the previous trading day as the weakness in the demand side continues to affect the trading activity of market participants. 

Rare earth market quotation in China: praseodymium oxide, praseodymium neodymium oxide and metal prices remain weak adjustment on March 29, 2023 mainly due to the weak market demand and the rapid growth of rare earth raw material spot inventory. 

The overall performance of the Chinese molybdenum market is still poor on March 29, 2023, which is mainly reflected in the fact that the prices of many molybdenum products are still falling and the actual transaction volume is lower than expected. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to be weak due to the unsatisfactory state of demand, the frustration of merchants, and the lackluster trading sentiment. 

At the beginning of the week, the domestic rare earth market as a whole showed a pattern of ups and downs. Under the influence of many uncertain factors, the price trends of light and heavy rare earths were different.

At the beginning of the week, China’s overall domestic molybdenum market was still weak. With many positive and negative factors intertwined, the buyer's market had a relatively large advantage, mainly reflected in the continuous reduction of suppliers' quotations and no obvious increase in transaction volume. 

Researchers at Lawrence Livermore National Laboratory (LLNL) announced that they observed the first net increase in fusion energy at the end of 2022 and they showed how tungsten alloys could be improved for use in advanced nuclear fusion reactors. This study could be a landmark study because the enormous energy produced by fusion could provide a carbon-neutral pathway for millions of homes and businesses. However, translating this achievement into practical nuclear energy will require innovative technologies to bring a fusion-powered society to reality.