Recently, a woman from Leqing, Zhejiang Province was killed by a Didi hitch ride’s driver, which has aroused the attention of people from all walks of life. This case also reminds people of the Zhengzhou stewardess case which happened three months ago. Suddenly, people accusations are flying in the Internet that Didi Chuxing, a car-hailing service company, cannot protect the safety of customers.

Xiamen Tungsten Industry announcement, the company and Longyan Xinluo District government, Fujian Jinxin Tungsten Co., Ltd. signed an intention agreement. Xiamen Tungsten and Fujian Jinxin to set up a joint venture enterprise (of which the company invested 51%, Fujian Jinxin invested 49%) invested 1.19 billion yuan in the development of Yanshi Town Economic Development Zone, to set up an annual output of 10,000 tons apt (ammonium paratungstate) production line and related ancillary facilities, the estimated annual sales revenue would reach 1.5 billion yuan.

Analysis of latest tungsten market from ChinaTungsten Online

China’s Zhangyuan Tungsten released tungsten forecast prices for the second half of September: 65% wolframite concentrate and scheelite concentrate were quoted at $15,230.8/t and 15,000/t, respectively; ammonium paratungstate (APT) was quoted at $274.7/mtu, unchanged from last time. The stability means mainstream tungsten product prices will tend to stabilize in the short term.

The latest prices of Dy-Fe alloy and praseodymium neodymium oxide decline on Friday September 21 compared with last trading day. Affected by environmental protection inspection, the supply of raw materials in the spot market is tight and sellers tend to keep current offer levels. While customers enter the market slowly, transactions do not increase. Rare earth prices will stabilize in the short term.

The latest prices of molybdenum powder, sodium molybdate and molybdenum oxide remain unchanged in the week to Friday September 21, with the approaching of Mid-Autumn Festival. The supply of raw materials in the spot market continues to be tight, and transactions increase for large mines, so molybdenum concentrate price mainly stabilizes.

Analysis of latest tungsten market from ChinaTungsten Online

In the tungsten concentrate market, very little spot business was transacted, with some offers heard outside of the price range. Tungsten ore sellers appeared reluctant to sell products due to the availability of raw materials. The cost side supports the stability of tungsten concentrate price.

Rare earth market quotation in China: domestic rare earth price has been maintained stability since September. Little new increased order weakens downstream enterprises’ strong rised mentality and businesses remain low trading activity. Prices of dysprosium related products show signs of rise, but actual transaction prices stabilize. With the approaching of Mid-Autumn Festival, the market will be quiet. 

Tungsten prices in Chinese market continue to maintain stability on good expectations for supply and production cost sides. Ferromolybdenum market faces great challenges as prices are in a relative high level. Under the deadlocked supply and demand, market participants wait and see steel biddings. In the short term, market prices tend to stabilize. 

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices maintain stability earlier in this week as market demand has not improved in the second half of Golden September. Insiders now focus on attitudes of tungsten ore sellers and new guide prices.

Chinese rare earth prices keep steady in the week to Wednesday 19 on limited market trading and quiet news from the policy side. Traders now wait for national purchasing and storage and the demand when market outlook remains unclear. Considering thin trading volumes, rare earth prices will stabilize this week.