Analysis of latest tungsten market from Chinatungsten Online

Xiamen Tungsten, a Chinese tungsten enterprise, released its first guide prices in July. APT was quoted at $304.2/mtu, a $3.5/mtu lower compared with last time.

Rare earth price in China maintains stability on whole while enterprises lower offer levels to move materials in some regions. With production capacity recovering gradually, pressure for supply side comes again, plus limited consumption in the off season, the whole trading is thin. In the short term, rare earth price is likely to be adjusted in a narrow range. 

Chinese molybdenum price maintains stability and market trading increases after price levels moving lower. Traders now pursue stability, but the continuous imbalanced between supply and demand differs mentality of buyers and sellers. 

At 12:50 on November 21st, our new generation launch vehicle, long march six, was successfully launched at the Taiyuan satellite launch center. This is the first commercial launching mission of the long march six launch vehicle following the successful first flight in 2015. The launch was carried out in an arrow and Samsung way, successfully sending three "Jilin One" video satellites to the intended orbit.

Chemists from Russia and China have developed a new superhard material for use in drilling, machine building and other fields. The new tungsten boride they discovered outperforms the widely used 'pobedit' - a hard tungsten carbide and cobalt composite material with artificial diamond interspersing. The results of their research were reported in the renowned scientific journal, The Journal of Physical Chemistry Letters.

Analysis of latest tungsten market from Chinatungsten Online: Smelting factories in major tungsten production areas restart production gradually, which presses market mentality. Traders raise risk consciousness in off season and compete with others to move materials. As a result, transaction prices are lowered. 

Rare earth market quotation in China: the latest price of praseodymium neodymium metal and praseodymium neodymium oxide declines slightly from last trading day while cerium oxide price remains unchanged. The weakness in Chinese rare earth prices comes to low buying interest of downstream purchasers and imbalanced supply and demand.

The latest price of ferro molybdenum, molybdenum concentrates and molybdenum oxide edges lower compared with last trading day on quiet trading activity. 

Analysis of latest tungsten market from Chinatungsten Online: Chinese environmental protection checks finished when July comes, and APT smelting factories in major tungsten production areas resume work gradually earlier this week.

Rare earth market quotation in China: the latest prices of praseodymium oxide, neodymium oxide and praseodymium neodymium metal move lower compared with last trading day.