Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained stable in the week began on Monday August 5, 2019 as the market participants are waiting for the new tungsten forecast average prices from Ganzhou Tungsten and offer levels from listed tungsten companies. 

Rare earth market quotation in China: the latest prices of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide climb slightly with the impact of good trading atmosphere and positive expects for the market outlook. 

China molybdenum prices are still in a high level on increased market inquiry, improved trading activity and eased selling pressure of traders. In the molybdenum concentrate market, although the maintenance tasks of some mining enterprises have been completed, it is still impossible to solve the problem of insufficient supply of raw materials immediately. Therefore, sellers still do not reduce product prices. 

Rare earth is the next battlefield of Sino-US trade war and USD/CNY broke through 7 recently. The US President President Trump did not agree on Tuesday that China and the US would fall into a protracted trade war, although Beijing warned Washington’s decision to list China as a currency manipulator would trigger financial market chaos.

Tungsten-molybdenum ecological industrialization of Luanchuan practiced successfully. The second phase of the APT project has been completed, which uses low-grade complex scheelite recovered from molybdenum tailings as raw material, adopts new environmental protection technology, and comprehensively recovers deep processing to obtain ammonium para tungstate, ammonium molybdate, molybdenum trisulfide, and phosphate rock powder products.

At the recently concluded Yokohama Science and Technology Exhibition 2018, Toshiba Material exhibited a lithium-ion battery with ultrafast charging using purple tungsten oxide as anode material. These batteries are widely used in automobiles, mini/light hybrid trains, elevators, UPS and high current power supply systems. As a pioneer in the field of lithium-ion battery technology, once the battery is officially commercialized, it will be possible to further expand the demand market for tungsten oxide.

Rare earth selective catalytic reduction (SCR) denitration catalysts have been developed successfully, replacing traditional vanadium-based catalysts. Sulfur dioxide (SO2) and nitrogen oxides (NOx) are listed as the main pollutants for air pollution control, and the denitration process of coal-fired flue gas has become one of the important measures for energy conservation and emission reduction.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices were in a stalemate in the week ended on Friday August 2, 2019 as raw material sellers were hard to increase products prices and downstream buyers failed to forcing prices down. This week, market participants would wait for the new tungsten forecast prices from Ganzhou Tungsten Association and offers from listed companies. 

Rare earth market quotation in China: the latest prices of terbium oxide, neodymium oxide, dysprosium oxide and praseodymium neodymium oxide climbed slightly in the week began on Monday August 5, 2019 on reluctant sentiment of mainstream mining enterprises with the impact of Sino-US Shanghai consultations. 

At the beginning of the week, Chinese molybdenum prices continued to be stable. Most of purchasers increased their consumption with higher enthusiasm while sellers have strong rised mentality but remaining on cautious trading.