The once increased prices of tungsten products are stable again yesterday in China. Supported by raw material suppliers’ optimistic view of prices, APT market prices continued to rise slightly. Though in the off-season, there is still a ready Chinese tungsten market which lacks of downstream demand.

Rare earth prices in China  sustaining steady growth, and shares in the rare earth sector also rise rapidly. Particularly, there are many stocks moved up in terms of permanent magnet stocks. 

The advantage of tight raw material supply took the lead in breaking the market deadlock when the market opened this week. Tungsten products prices in China have increased. 

With the relationship between supply and demand improved, rare earths prices maintained steady growth. Since 2016, rare earths prices have bottomed out, and prices of main varieties of rare earths in the past year rose by about 10%-90%. 

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Tungsten market on July 17, 2017: the latest prices of tungsten concentrate, ammonium paratungstate and tungsten carbide powder increase across the board. The supply of raw material is still tight. Raw material plants insist on a conservative selling way.

As the second batch of total production control plan for rare earth production issued, prices of rare earths sustain steady growth in China. 

Tungsten market in China is flat. Excepting that a Fujian tungsten enterprise listed a slightly modified price for long term order, the overall upstream and downstream enterprises of industry chain were at a stalemate. Without positive guidance, prices mainly continued a consolidation pattern.

This week, the domestic rare earth prices overall sustained steady growth. Particularly, rare earth varieties represented by praseodymium and neodymium, continued to rise. 

Yesterday, the stable operation of domestic tungsten market sustained. Under the influence of fundamental plane, merchants with goods mainly insist on a conservative selling way and purchasers are cautious when purchasing.