Reported that the previous satellite images can only confirm the existence of China's total 3 094 type ballistic missile nuclear submarines. But there are signs that the production of type 094 nuclear submarines has come to an end, China will then produce the next generation of ballistic missile nuclear submarines, the next generation of attack type nuclear submarines may be produced at the same time. Tungsten materials will also play a very important role in the production of new nuclear submarines. Here we list the main applications of tungsten in nuclear submarines.

Analysis of latest tungsten market from ChinaTungsten Online

Opening this week, Chinese tungsten price continues its weak adjustment on quiet trading activity and insiders’ pessimistic attitude toward market outlook. The guide prices from large tungsten enterprises were released last Friday, which decline significantly compared with last time. The fall also weakens market confidence and drugs down transaction prices.

The latest price of europium oxide, praseodymium oxide and praseodymium neodymium oxide is unchanged from the previous trading day. State Reserves Bureau held the conference concerned with rare earth reserves last week, raising sellers’ wait-and-see mentality. 

Chinese molybdenum prices are stable with good momentum as sellers in raw materials have strong rised mentality and new round of steel biddings perform well. 

Analysis of latest tungsten market from ChinaTungsten Online

APT guide prices for late July were released by large tungsten enterprises last week, which were adjusted according to Chinese tungsten market. An enterprise in Fujian, China quoted at $300.7 per tonne and $295.5 per tonne in Jiangxi. Besides, sales of goods were thin and transaction prices lowered than before. Taken together, tungsten prices in China were in a downward trend last week.

Chinese rare earth price continues to be in a stalemate. On the one hand, weak demand and relatively adequate stocks cool trading activity and buyers try to force prices down; on the other hand, purchasing and storage of rare earth was not stated clearly at the conference and thus market participants becomes more cautious on trading. Taken together, short-term rare earth price will stabilize. 

Opening this week, prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide rise slightly while molybdenum powder price maintains stability. 

Analysis of latest tungsten market from ChinaTungsten Online

Low trading activity in tungsten concentrate market is pressing down tungsten product prices as well as psychological prices of buyers. It is hard to do the sales in the market when the tax policy was canceled. 65% wolframite concentrate was quoted at $16,461.5-16,769.2/t and 65% scheelite concentrate was quoted at $16,307.7-16,615.4/t.

Chinese rare earth price remains weak adjustment this week due to the Sino-us trade war and quiet policy for purchasing and storage. The environmental protection inspection was finished and operating rate of manufacturers rises, but under the weakening market, rare earth prices are under pressure, with limited space of adjustment. In the short term, market participants mainly wait and see. 

The latest price of molybdenum concentrate, molybdenum powder remains unchanged from previous trading day while molybdenum oxide price rises slightly. Most businesses are optimistic about the market and reluctant to sell for higher prices as mines in major molybdenum production areas stop production to undergo repair.