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China’s Xianglu Tungsten Declined APT Price for Late November

Analysis of latest tungsten carbide strips tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable on November 26, 2020 as the market is in a stalemate. Upstream suppliers are reluctant to sell their products at low prices while downstream buyers are not active in trading. 

China’s Xianglu Tungsten Released its offers for Tungsten Carbide Rods the second half of November: 55% black tungsten concentrate price was $12,692.3 per tone, up $30.8 per tone compared with the first half of this month; 55% scheelite concentrate price was $12,538.5 per tone, up $30.8 per tone; APT price was $218.2 per mtu, down $1.2 per mtu. 

Strength in the domestic market and a stronger yuan boost the Chinese ammonium paratungstate export price. The domestic APT spot price inches up to $220.8 per mtu but no deals reported. The tungsten Tungsten Weights powder market is supported by high raw material prices, but continued weakness in the demand side weakens market confidence.

Prices of tungsten products on November 27, 2020

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China Molybdenum Concentrate Price - November 5, 2020

China molybdenum price is in the upward trend in early November despite the market is still in a stalemate. However, with the support of high production cost, molybdenum mining enterprises have strong rised mentality. In addition, smelting factories do not consider profit-taking anymore in order to avoid the risk of price inversion. 

At present, molybdenum concentrate price is RMB 1,420/ton, ferromolybdenum price is RMB 98,000/ton, molybdenum oxide tungsten carbide plates price is RMB 1,490/ton, and ammonium tetramolybdate price is RMB 97,000/ton.

At the beginning of this month, although the number of tenders for steel mills was small, the tender price was raised to around 95,000 yuan/ton. This is also one of the reasons why ferro-molybdenum manufacturers have increased their awareness of price increases. Driven by the positive atmosphere in the raw material market, the market of molybdenum chemical and its products has improved slightly, and the relationship between supply and demand is relatively balanced.

In late October, the stocks of five major steel products in 20 cities were 11.27 million tons, a decrease of 890,000 tons or 7.3% from the previous ten days. In terms of sub-regions, East China was the region with the largest reduction, with a month-on-month decrease of 350,000 tons, a decrease Tungsten Carbide Rods Single Hole of 11.5%; North China and South China decreased by 110,000 tons, a decrease of 1.8% and 3.4% respectively; Southwest China decreased by 100,000 tons, a decrease of 3.8%; Central China A decrease of 80,000 tons, a decline of 6.4%; a decrease of 70,000 tons in the northeast and northwest, a decrease of 19.4% and 12.5% respectively.

Prices of molybdenum products on November 5, 2020

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China Rare Earth Price - March 5, 2021

China rare earth price showed a strong increase in the week ended on Friday March 05, 2021 despite of deadlocked supply and demand in the market. The low-priced resources were hard to find under the situation.

From the demand side, first, Tungsten Carbide Rods Single Hole as the global epidemic situation gradually improves, overseas manufacturing is slowly recovering, which in turn increases the demand for rare earths. Therefore, traders kept firm offers; second, in the context of carbon neutrality, the development of emerging industries is expected to improve. It is expected to expand the demand for rare earth functional materials, which has become an important source of current traders' confidence in quotation.

From the supply side, first, due to the instability of geopolitics in various countries, the domestic import market was generally active, so the import volume was limited; second, under the control of environmental protection, rare earth mining enterprises' capacity release growth rate was slow, and it was difficult to meet demand.

Prices of rare earth products on tungsten carbide burrs March 5, 2021

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China Tungsten Price Stabilizes in Late December on Good Market Confidence

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable in the second half of December. Some smelting factories start to stop production to undergo repair at the end of the year and downstream buyers ground tungsten carbide rods replenish their stocks, but high-price transactions are hardly concluded and most market participants are cautious, waiting for new guide prices. 

The tungsten concentrate market still keeps firm. Sellers are reluctant to sell at low prices and psychological price reaches to $13,809.5 per tone with few deals concluded. Smelting factories in the APT market try to raise their offers, but low trading activity makes it become difficult and prices hover around $233.2 per mtu. As for the tungsten powder market, it is supported by firm raw material market and strong rised mentality of companies, but is still affected by the continued spread of Covid-19. In the short term, the market is expected to stabilize with the approaching of New Year.

Prices of tungsten products on December 23, 2020

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China Molybdenum Price - January 29, 2021

China molybdenum price remained stable in the week ended on Friday January 29, 2021 due to quiet steel tenders and low trading activity. In the short term, the market is expected to remain weak adjustment. 

In the molybdenum concentrate market, the supply and demand were relatively balanced. customized tungsten carbide Although the downstream operating sentiment was not high, molybdenum companies generally maintained firm quotations under the support of tight supply of molybdenum concentrate and high production costs; in the ferromolybdenum market, overall transactions were small. The low bidding price of downstream steel companies wss the main reason that intermediate smelting companies were unwilling to ship. The current price of ferromolybdenum is about 105,000 yuan/ton; the market for molybdenum chemical and its products was slightly optimistic, which is mainly benefited from increased inquiries and purchases from end customers. In this case, suppliers have a strong mentality of reluctant to sell and would like to make profit.

In 2020, the national industrial enterprises above designated size achieved a total profit of 645.161 billion solid tungsten carbide rods yuan, a year-on-year increase of 4.1% (calculated on a comparable basis). Among them, state-owned holding companies realized total profits of 1,486.08 billion yuan, a year-on-year decrease Tungsten Weights of 2.9%; joint-stock companies realized total profits of 454.453 billion yuan, an increase of 3.4%; foreign, Hong Kong, Macao and Taiwan-invested enterprises realized total profits of 1823.41 billion yuan, an increase of 7.0%; private enterprises The total profit realized was 2026.18 billion yuan, an increase of 3.1%.

Prices of molybdenum products on January 29, 2021

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