After a slight growth at the beginning of the week, the mainstream price of domestic tungsten products returned to calm.

Yesterday, the tungsten market continued to heat up, and the information that tungsten prices have rebounded spreaded further. 

Tungsten market officially ended its month-long weak situation yesterday. The local stocking which began last week, was recognized by yesterday’s spot market.

Recently, the Ministry of Land And Resources issued a notice about 2017 annual rare earth tungsten ore’s total production guidepost, providing that in 2017 the total production control index of the national rare earth ore is 105,000 tons, the total production control index of the tungsten concentrate is 91,300 tons.

The report, global tungsten carbide market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Analysts forecast global tungsten carbide market to Grow at 5.19% CAGR during the period 2017-2021. To calculate the market size, the report presents in-depth research of the market by key vendor landscape, way of study, synthesis, and summary of data from various sources. Tungsten carbide is an inorganic compound that contains tungsten and carbide in equal proportions. Owing to its extraordinary hardness (three times that of steel), tensile strength, and wear resistance, it is used in a wide range of applications such as machine tools, cuttings tools, dies, punches, abrasives, and many other applications. It serves end markets such as mining and construction, automotive, power generation and fluid power manufacturing, aerospace and defense, and others.

In the second half of 2017, tungsten market is still visional. Tungsten concentrate price reaches to RMB 80,000/ton at the end of June, tungsten price cost effect will keep going, price property of tungsten is clear. 

Tungsten market in the first half of year 2017 shows tungsten market is in process of recovery, the whole industry is stable, price is rising slightly.

Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.

Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.