Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder price continues to climb in the second half of July, 2021 amid tight supply of primary and secondary raw materials, with some offers hitting record high. 

China’s domestic rare earth market as a whole maintains a fluctuating operation on July 29, 2021. Under the mutual influence of many positive and negative factors, on-site inquiries have increased, but the actual transactions are not as good as expected. Some professionals predict that the market outlook may be stable but strong.

China’s domestic molybdenum market as a whole shows a stable but strong pattern on July 29, 2021. Under the tight spot supply of some products and steady downstream demand, traders generally have a stable mentality and have greater confidence in the market outlook.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market remains strong on July 27, 2021 with tungsten concentrate price rising to $17,777.8/ton, ammonium paratungstate (APT) price rising to $301.3/mtu and tungsten powder price rising to $40.5/kg.

China’s domestic rare earth market is basically flat on July 28, 2021 with prices fluctuating within a reasonable range. The price of praseodymium oxide rose to 650,000 yuan/ton, neodymium oxide rose to 600,000 yuan/ton, and neodymium praseodymium oxide rose to 595,000 yuan/ton. The prices of terbium and dysprosium oxide dropped to 7,900 yuan/kg and 2,600,000 yuan/ton, respectively.

Molybdenum market quotation in China: molybdenum concentrate, power and oxide prices continue to rise on July 28, 2021. With the increasing enthusiasm of traders to enter the market, the wait-and-see mood in the market has declined, and the transaction becomes active.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in China continue to keep strong and are expected to rise this week affected by the optimistic expectations of the macro and the cost-driven market sentiment. 

Canada Rare Earth Corp. recently established a global trading business for rare earth-centric technical materials, and at the same time announced the appointment of Mr. Elyse Kohyann as the head of global trade.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to be in the upward trend in the week ended on Friday, July 23, 2021 affected by the rise in new bid prices for the second half of this month, cemented carbide companies’ second price increases within a month and a boost in exports. 

Rare earth market quotation in China: europium oxide, lanthanum oxide and cerium oxide prices remain unchanged at the beginning of the week on July 26, 2021.