Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices still maintained stability on the whole in the week began on Monday June 10. The mining enterprises and APT smelting factories have jointly reduced the production, which has a temporary effect on stopping the downward trend. The merchants now have a sense of stabilization, but low trading activity of the terminal market and buyers requiring lower prices press transactions in the spot markets. 

Rare earth market quotation in China: domestic rare earth prices continue to keep firm, especially for rare earth permanent magnets. Two-thirds of the rare earth magnets in the United States come from China, according to the data released by Citibank; the new energy vehicles industry is expected to be good. So the industry participants are optimistic about the outlook and thus prices continue to rise steadily, but actual transactions seem not increase as much as the prices. 

Molybdenum market in China: the latest prices of molybdenum concentrate, ferro molybdenum and molybdenum powder still maintain stability. Steel biddings are starting gradually, but prices fail to meet market expectations, which weaken confidence of traders who are supported by the costs to some extent. So the trading volumes seem down. 

Tungsten shortage coupled with environmental regulations in China with depleting mine supply, this may also create a tungsten deflect if new mines and projects aren’t brought online in these coming few years.

Tungsten industry has been segmented according to application and end-use. Carbides and metal alloys are the key application segments. 2019 outlook, proliferation of the Asia Pacific automotive and manufacturing sectors has been the chief factor driving both these application segments. 

Global tungsten industry has been extensive usage in a broad range of industries including metal working, mining, oil & gas, aerospace, defense, automotive, etc. Outlook 2019, the tungsten industry will be definitely propelled by this products, as they are vital in the modern industry. 

The tungsten industry maintains a smooth status in 2018. Output of tungsten concentrate keeps growth, especially cemented carbide keep going with the two-digit growth. Outlook of 2019 tungsten industry, the steady tightening situation of tungsten industry will continue. 

Tungsten minerals found in the Lost River Alaska further on, according to the historical estimate, the surface minable portion of the Lost River deposit hosts 18.84 million lb of tungsten, 7.7 billion lb of fluorite and 122 million lb of tin. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained weak adjustment after the holiday of Dragon Boat Festival owing to low buying appetite of downstream enterprises. As prices in the primary market are gradually approaching the level of costs, smelting factories purpose to cut output to ease deadlocked relationship between supply and demand. But that seemed little impact on the market. 

Rare earth market quotation in China: terbium oxide price continues to rise slightly while prices of lanthanum-oxide and europium oxide remained unchanged from last trading day. The National Development and Reform Commission held a meeting on the rare earth industry in a row, which raised the market's expectations for policy. In addition, the listing prices of the two major rare earth groups at the beginning of the week were steadily increased, which further boosted market confidence.