Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices were in the downward trend in the last week in November as the market was caught in heavy wait-and-see atmosphere. Terminal demand continued to be weak, enterprises faced capital pressure at the end of the year and purchasers remained low buying interests. 

Chinese rare earth prices continue the upward trend earlier in this week. On the one hand, the environmental protection inspection reduces the output of raw materials; on the other hand, customs in Yunnan Tengchong banned the imports of are earth mines from Myanmar since November. 

The latest prices of ferromolybdenum, molybdenum bar and molybdenum oxide drops slightly earlier in this week as the decline in prices and quantity of steel biddings weakens market confidence and purchasers remain low buying interests. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remain weak adjustment due to weak demand and capital pressure. Insiders now have a low confidence for the market in December. But for miners, they have strong willingness to stabilize the market. 

Rare earth market quotation in China: domestic rare earth price stabilized with good momentum in the week to Friday November 30. Earlier this month, resources in Myanmar were banned to import into China, raising the expectation for further tight supply of raw materials. Affected by that, insiders remain the strong rised mentality. 

China molybdenum prices were in the downstream trend in the week to Friday November 30, affected by lowered prices and quantity of steel biddings. The tightening availability of molybdenum concentrate offers supports for sellers, but downstream customers remain low buying interests. Therefore, trading atmosphere is quiet with thin trading volumes. 

Analysis of latest tungsten market from ChinaTungsten Online

The wolframite concentrate price in China continued to fall in the week to Thursday November 29 amid weak demand, while the ammonium paratungstate (APT) market remained slow with participants awaiting further direction.

In China, prices of terbium oxide, dysprosium oxide and praseodymium neodymium metal edge higher in the week to Thursday November 29. Mines exporting from Myanmar still are banned, plus with an increase in stocking up raw materials, market confidence is boosted, deadlocked supply and demand is eased slightly. 

Prices of ferro molybdenum and molybdenum oxide drop slightly in the week to Thursday November 29. Affected by the decline in prices and quantity of steel biddings, dealers lower selling and buying activities, and market confidence also is weakened. 

According to Sci-tech Daily on February 1, researchers from the FDS Fenglin Nuclear Energy Team of the Institute of Nuclear Energy Safety Technology of the Chinese Academy of Sciences have made breakthroughs in the physics and technology of neutron transport. The team developed HINEG, a high-current deuterium-tritium neutron source experimental device, in which the intensity of neutron source is the first in the world.