Word Roundup: Tungsten mine take the goods properly, ore prices rose slightly to 60% currently wolframite has emerged 1.45 yuan / high quote but turnover was slightly lower than expected stalemate and the trading price of short-term or steady consolidation mainly rose sharply stamina inadequate ; domestic market prices of primary molybdenum relatively strong businesses go outside to wait and see the goods timely cash , subject to the cost impact is difficult to buy cheap downstream steel market due to poor operational state level is not high molybdenum iron tender business for the long-term bearish bias Quotes molybdenum prices more than expected short-term or temporary stability based.

Tungsten Market Comment

Scheelite : early May , CMN and Ganzhou Tungsten Association continued to fall in price guide , 65 degrees wolframite are 110,000 yuan / ton, although compared to the decline narrowed in April , but still large. Affected by this, coupled with the demand continues to slump , May tungsten concentrate prices hard up, prices are stable and low consolidation and more .

Ore price stabilized main reasons: First, the current price is already very close to mine cost line , holding business profitable , low-cost goods will go low ; Second, with the recent nickel, molybdenum prices, some businesses hope tungsten City also a miracle , cheap shipping will lower ; three is much lower tungsten smelting raw material inventory and raw material prices are currently at a low price, so the recent increase in tungsten ore inquiry .

Tungsten Chemical : With tungsten ore prices approaching low , the recent mining, Scheelite Scheelite manufacturer wishes to sell relatively low , APT smelting manufacturers of raw materials procurement difficulties , this support while prices remained relatively stable, relatively last month, just slightly down . It is understood that manufacturers offer at 16.5-16.8 yuan / ton, but the actual transaction acceptance month 16.6-16.7 yuan / ton, cash transactions 16.3-16.5 yuan / ton.

Tungsten Products : Tungsten products prices continued to fall this month . At the end , tungsten powder particles concentrated in the mainstream market price of 258-260 yuan / kg, native WC 257-259 yuan / kg, down from the previous month 6 yuan / kg. Market price is slightly confusing, some manufacturers lowest ex-factory price to 255 yuan / kg, but still have high market price 263 yuan / kg or so , resulting in an overall bargaining larger space , the actual turnover tends to be low-cost .

Outlook forecast

Despite continued weakness in domestic demand for tungsten City , has not improved , but overseas demand , orders increased, mainly: July is about to usher in the summer break , some overseas businesses will start buying APT, tungsten, iron, etc. In recent advance ; under Vietnamese political unrest and anti-Chinese riots affected , Vietnam sun Star tungsten industry will be discontinued , resulting in Asia tungsten iron supply tense , a slight increase in Chinese demand for iron tungsten .

By overseas demand is expected to promote , tungsten and iron smelters for tungsten concentrate purchases increased slightly in the short term or tungsten concentrate market remained relatively strong, but procurement is limited, limited efforts to support domestic demand did not improve , tungsten ore prices weak , tungsten concentrate prices in the short term or mainstream hovering 10.5-10.8 yuan / ton.


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Vietnam affected by the recent political unrest and anti- riot affected , major local manufacturers in Vietnam ferrotungsten Yang Star Tungsten (Vietnam Youngsun Tungsten) announced on Friday , taking into account the safety of factory workers in China will be suspended tungsten iron production . Affected by the mainstream of Chinese ferro-tungsten export prices surged nearly $ 1.00 / kg tungsten , Monday hovering around $ 42.00-43.00 / kg tungsten Rotterdam to shore , while the plant is shut down may result in late supply, and therefore the supply of goods held in China in Europe reluctant to less than $ 43.00 / kg tungsten price to pay to ship Rotterdam warehouse . Sino-Vietnamese border smuggling ferrotungsten large , but because of political tension , has been tightened in recent weeks , so smuggling ferrotungsten supply the European market decline.

Despite the gradually increasing pressure on the supply side , but this week the European ferro-tungsten prices continue to decline , on Monday evening news that a large European consumer business to 41.50 U.S. dollars / kg, the price of tungsten contraband sent to purchase a truck of the product , compared to prices earlier this month fell nearly $ 2.00 / kg tungsten.

Central Europe , a large tungsten iron traders said on Monday evening that he consumer business to $ 41.50 / kg tungsten prices contraband sent to purchase a truck ferrotungsten shocked his expected price is $ 42.50 / kg tungsten contraband sent to , and deal price far below that level.

The source said on Thursday morning , he received a major Chinese manufacturer of tungsten iron- tungsten iron on a counter offer for $ 42.80 / kg tungsten Rotterdam to shore , June delivery, Vietnam announced shutting down the male star Tungsten Industry after the plan Friday morning prices surged to $ 43.50 / kg tungsten Rotterdam to shore.

He also said that China Ferrotungsten another supplier in Europe, there are several cabinet ferrotungsten stock quotes at $ 43.00 Monday / kg tungsten Rotterdam warehouse delivery .

Europe and many other markets ferrotungsten traders who hold the same view , especially in the more affected by political unrest , under tungsten iron supply in Asia continued tense situation, he was spending the afternoon on Monday to $ 41.50 Manufacturer / kg tungsten contraband sent to cheap deal surprised.

The source said that last week he received a Chinese supplier quotes as low as U.S. $ 41.00-41.50 / kg tungsten Rotterdam to the shore , and even some vendors told him that the next few weeks the purchase price may be as low as $ 40.50 / kg tungsten Rotterdam warehouse delivery . But he said Yang Star Tungsten announced plans to shut down the impact on the market , offer changes happen soon , very difficult to get clear on Monday he quoted vendors.


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South China Sea between China and Vietnam conflicts warming , detonated Vietnam anti-Chinese movement spread to many foreign-owned factories , manufacturers almost escaped , the mob stormed the plant arson, looting broke into the dormitory property , the situation is very serious.

Due to the current social upheaval , taking into account the safety of Chinese workers and the actual operation of the plant , Vietnam Sun Star Tungsten decided to indefinitely discontinued. "At present, the domestic anti- riot intensified, we have no way of normal production , and therefore decided to suspend all production activities. Our long single transaction more than this year's , mainly in spot trading. As to when to resume production can not be determined . "One source Tungsten Vietnamese male star revealed .

The end of the first quarter of 2014 began , tungsten iron market downturn, oversupply , suppliers intense bidding , the mainstream prices have been slightly lower. Sun Star Stop tungsten iron production , coupled with the Vietnamese government to stop this year's re-export trade , export trade will go through after all the legal means to export a particular port , the total tungsten iron supply from Vietnam appears to reduce to some extent on the international market.


Tungstenufn Maacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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At present , the domestic tungsten concentrate market remained stable overall today , but the market price is slightly confusing, individual merchants offer up the actual volume is not. 65% of the market mainstream in wolframite 105,000 yuan / ton , the actual transaction may 10.3-10.5 yuan / ton, unchanged from yesterday's basically a small volume ; 55% quoted in the mainstream wolframite 103,000 about yuan / ton , the actual transaction at 10.1-10.3 yuan / ton, and yesterday was essentially flat. Consolidation phase at low prices , most businesses offer stable outlook is bullish because the individual businesses , to raise its offer , but the downstream buyers low acceptance . Buyers and sellers stalemate will continue.


Tungstenufn Maacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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At present , the domestic price of ammonium paratungstate market is still strong today , businesses were reluctant to sell significantly . Paratungstate mainstream market quotations concentrated in 16.4-16.7 yuan / ton , the actual transaction at 16.3-16.7 yuan / ton, and yesterday was essentially flat. Scheelite is more difficult due to the recent purchase , APT manufacturers offer are becoming increasingly strong, plus the current stock inventory is not high , so the information than enough , offer stability . But downstream buyers demand release slowly, and at an acceptable price and the upstream quotes are still gaps, so the actual turnover reached more than can be traded price on the 16.4-16.6 yuan / ton.


Tungstenufn Maacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Recently, the Provincial Industry and Information Committee in accordance with "Notice of the Ministry of Industry and Information Technology issued in 2013 on the second batch of rare mandatory production plan" (MIIT original [2013] No. 282) requirements issued "issued in 2013 on the province rare minerals mandatory production plan (second tranche) notice ", Ganzhou tungsten 26 companies for 2013 the province's rare minerals mandatory production plan (second tranche) tungsten concentrate (fold WO₃65%) 5235 t, representing the province of tungsten concentrate (equivalent WO₃65%) 27.3% of total mandatory plans. Notification requirements, or over any business plan shall unplanned production, the municipalities and districts letter appoint progressively implement industry management responsibility, earnestly implement the relevant documents, regularly check the implementation of the plan. For unplanned, ultra planned production enterprises, to immediately ordered to stop, and to trace the source of minerals for the illegal purchase and sale of businesses will be punished according to law.


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Mine take the goods to normal, no pressure on the stock, but the price is still low-bit, multi-select only a small amount of goods to go in order to maintain the old customer relationships; cargo operators reluctant to sell to raise prices, but high shipping scarce; portion of raw material inventory is limited due to the smelter home needs procurement and slightly raise the inquiry, limited purchases of market support is not enough. Additionally, no significant improvement in the domestic downstream demand, the terminal carbide tools recently on account of weak demand and slightly lower prices. Summary of the domestic tungsten concentrate is still oversupply, late ore price rise fatigue, short-term focus on tungsten concentrate prices or mainstream 10.5-10.8 yuan / ton.

It is understood that tungsten concentrate smelter offer strong, lift slightly compared to last week, 65 percent wolframite 10.6-10.7 yuan / ton, 65% scheelite 10.5-10.6 yuan / ton; mine although received Inquiry low, but the external offer price 1.45 yuan has now / degree.


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Tungsten steel scrap prices stable individual slightly weaker. Tungsten scrap merchants offer part of the drill area have come down, focused on the purchase price excluding tax mainstream 184-186 yuan / kg, but most businesses offer Hebei still concentrated between 188-190 yuan / kg, and no significant price cuts will, steady watching the majority.

Imported scrap purchase price of tungsten concentrate in mainstream blade between 177-178 yuan / kg, high turnover, poor. Domestic waste tungsten blade market is relatively strong, high transaction price tends to 169-170 yuan / kg; waste wire drawing dies mainstream price is still concentrated in the 178-180 yuan / kg, frequency and amplitude fluctuations than other small tungsten steel scrap. Mainstream short-term market is expected to steady tungsten steel scrap, individual species or continue to narrow adjustments.

[W] City of mainstream international markets overseas rose. 28 evening MB Rotterdam ferrotungsten offer $ 41.7-42.3 / kg of tungsten, up $ 0.2-0.3; paratungstate Europe offer $ 368-380 / t degrees, exploration $ 3 on low; Hong Kong offer $ 362-370 / t degrees, steady . Expected short-term overseas tungsten Costco will continue to trend up pattern.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten ore prices temporarily stable running, watching the market sentiment enriched. Tungsten scrap market quotes drill slightly lower signs, blades and scrap tungsten material prices are still strong, short-term tungsten market is expected to steady the mainstream, there are still individual species or narrow adjustment.

Macro level, the four lines in May to drop nearly forty percent of new loans; Northeast Economic Development and Reform Commission is brewing rejuvenated support measures; NDRC brewing a traffic investment funds, the total will reach one hundred billion.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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