Since 2011 , tungsten demand continues to slump , especially overseas manufacturing downturn, tungsten consumption fell again , tungsten exports in 2012 decreased by 20% , in 2013 the amount of tungsten exports fell 21% again. Entered into after 2014 , the trend of decline in exports of tungsten product has ceased, and in January , tungsten exports grew 23% , to February , the total amount of tungsten exports have risen by 32%. Tungsten has seen demand for exports regain momentum , China's exports of tungsten export markets have shown signs of improvement , supplier raised the export offer.

Signs of improvement in China's export market is mainly for two reasons :

On the one hand , overseas economic track to recovery , especially in the recovery efforts in the U.S. manufacturing sector , the automotive industry and the real estate industry is still very strong, the EU also has entered the expansion phase manufacturing , real estate and automotive industries also signs of improvement now . Experienced a downturn after two or three years , overseas demand for tungsten has the potential to rebound .

On the other hand , the domestic economic growth slowing , demand continues to slump tungsten , tungsten price in 2013 was supported by Minmetals lot of purchasing and storage and upward , since 2014 , such as the delay in action Minmetals , coupled with the accumulation of tungsten concentrate inventory compared large domestic market volume was light , qualified businesses export situation more steering recovery in overseas markets .

Tungsten is the country 's dominant species , tungsten industry concentration is high, for control of the market is relatively strong, with overseas demand is also transferred , along with the export price definitely upward.

It is understood that the recent Chinese export market slightly upward , APT export prices up $ 5-10 / t degrees , Rotterdam to shore , DDP concentrated at $ 360-375 / t degrees.


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Tungsten market : the overall demand remained weak tungsten market turnover stalemate, businesses generally tight funding , poor downstream demand and raw material iron tungsten tungsten concentrate prices , buyers bearish outlook , want to wait for lower prices before purchase occurs , the current many market transactions are debts, scrap tungsten blade market demand still , there is still some transactions support , drill and drawing die poor turnover , especially temporary waste tungsten tool relatively strong performance is more obvious than the debts to be paid in cash high 1 -2 yuan / kg , and the longer the time of default , the higher the price, the expected short-term waste tungsten steel is stable and slightly weaker run .

Molybdenum market : market participants continue to enter the market to operate, making the venue lively atmosphere enhanced. Primary market price of molybdenum businesses very strong will , and the fluctuation of foreign quote a higher level . Although the actual transaction did not follow up , but a strong supplier of cheap sell mentality . Short-term molybdenum market is expected to remain strong side run .

Currently scrap tungsten blade market demand is acceptable , there is still some transaction support , drill and drawing die poor turnover , prices fell slightly . Tungsten scrap material weakening demand from the previous month , and trading businesses offer enthusiasm were decreased downstream demand procurement , the overall trading environment deserted. Short-term market is expected to continue steady weakening scrap tungsten trend .

Tungsten steel scrap prices steady weakening operation. Currently scrap tungsten drill focused on the purchase price excluding tax mainstream 186-189 yuan / kg, scrap wire drawing dies 178-181 yuan / kg, were down about 1 yuan ; imported scrap tungsten blade 177-180 yuan / kg, domestic waste tungsten blade 167-170 yuan / kg, scrap pure tungsten 213-221 yuan / kg, remained steady . W ≥ 70% concentrated in the purchase price of the grinding material mainstream 1.75-1.8 yuan / kWh ; 50%
Overseas tungsten market continues to decline . 16 evening MB ferrotungsten Rotterdam quote 44.7-45.6 USD / kg tungsten highs $ 0.1 . Paratungstate Europe offer $ 358-368 / t degrees , steady ; Hong Kong offer $ 365-378 / t degrees, low , dropping $ 2 . Expected short-term overseas tungsten hardly be better.


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This week the market downturn ferrotungsten market sentiment , turnover difficulties , offer a bit of confusion , poor downstream demand and raw material iron tungsten tungsten concentrate prices , buyers bearish outlook , want to wait for lower prices before purchase occurs , the current procurement will not big , rich atmosphere watching the market . 70 ferrotungsten price 17.5-18.3 ten thousand yuan / ton there , but the turnover is more than 18 yuan / ton , low-cost or even up to 175,000 yuan / ton.

At the same time , tungsten iron manufacturers , due to lack of positive factors to stimulate the market , vendors shipped is not smooth , the market volume was light. According to some business-to- disclose , demand is low, even down the offer, not very good deal , is slightly more than the current market transaction .


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Continued weakness in demand for tungsten market turnover stalemate , businesses generally tight financial transactions on the market today are mostly acceptance of payment , not much cash payments , expected short-term price of tungsten multi- city run will continue steady weakening .

Macro level, a quarter of the country 's GDP growth fell to 7.4% , a number of indicators of the real estate downturn ; over March -scale industrial added value increased by 8.8% ; before the March national fixed asset investment up 17.6 %.


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Tungsten market : weak tungsten market was stable operation , demand remained weak , closing stalemate, tungsten concentrate prices have been approaching the cost of the line , but the market turnover continued stalemate , tungsten products market mentality hardly strong, low transaction prices continue to move closer . Some businesses offer though still remained at last week's price, but basically no high turnover , weak downstream demand , boost market confidence hard , solid tungsten City this week or disadvantaged steady run .

Molybdenum market : the market demand failed to follow up , making the current product price gains momentum slightly less. Molybdenum concentrate businesses offer higher actual transaction volume failed ; downstream inquiry relative increase in molybdenum iron manufacturers limited stock, foreign quote firm. Other minor adjustments molybdenum commodity prices . Short-term molybdenum market is expected to show strong side or trend.

Tungsten weak market was stable operation , demand remained weak , closing stalemate, tungsten concentrate prices have been approaching the cost line , profitability is low, resulting in the suspension of tungsten ore smelters mostly external offer home , watching the afternoon, watching the tungsten smelter production , marketing see atmosphere is very rich , businesses generally considered little hope of recovery in the first half of the tungsten market .

It is understood that the current mainstream price wolframite concentrate on 10.5-10.8 yuan / ton, and after last week and earlier this week lowered the price of tungsten concentrate temporarily held steady today , tungsten market analysis is expected this week held or continued weak stable operation, between the late tungsten mine price is still slightly high or the risk of downward .


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Due to the recent tungsten concentrates and tungsten chemical market continued to weaken, it would be difficult tungsten products market sentiment strong, low transaction prices continue to move closer . Some businesses offer though still remained at last week's price, but basically no high turnover , weak downstream demand , boost market confidence hard , tungsten products is expected to short-term market stability and more weak trend will continue .

Tungsten prices remain steady weakening . Currently the mainstream price of tungsten powder market concentration in the 268-270 yuan / kg, native WC 267-269 yuan / kg, tungsten steel 287-292 yuan / kg, high-purity tungsten 317-322 yuan / kg, tungsten electrode polished rod 405-415 yuan / kg, steady .


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Currently the cost of tungsten concentrate prices have approached the line , but the market turnover remains deadlocked , the downstream part of the tungsten manufacturers have suspended offer, while still dropping the actual transaction , expected short-term maintenance of stability tungsten market prices continue to be weak .

Macro , M2 growth fell sharply in the first quarter to 12.1% , is expected to rebound in the second half ; quarter total electricity consumption up by 5.4% ; many provinces deployment in the second quarter economic work , frequently mentioning the downward pressure on the Italian projects .


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Tungsten is extremely scarce and irreplaceable strategic resource , but also the national economy and national defense irreplaceable foundation of modern materials and strategic resources , manufacturing tungsten carbide known as "dental industry ," Carbide widely in the areas of military, aerospace, machinery processing , metallurgy, oil drilling , mining tools, electronic communications, construction , etc., is the key material tungsten lighting , electronics and other industries. In these applications, has not yet found a direct substitute for tungsten.

Currently, only the world's total proven reserves of tungsten 2.898 million tons , is extremely scarce resources , more than 20 kinds of the world's known tungsten minerals , industrial value only scheelite and wolframite are two, wolframite are quality tungsten ore, scheelite are refractory ores . China 's tungsten resources abundant , accounting for nearly 70% of the world 's proven reserves of tungsten mineral resources , ranking first in the world .

2010-2013 , equivalent to the amount of tungsten concentrate production increased year by year , and reached its highest level in 2013 , tungsten concentrate production was 138,000 tons .

Through the analysis of primary tungsten and "Twelfth Five Year Plan" according to the analysis of waste tungsten tungsten industry, we assume that the future of native producers of tungsten in tungsten concentrate production quota increase of 1% per year , the 2017 Chinese tungsten concentrate equivalent to the amount of production will reach 143,600 tons .

2014-2017 Chinese tungsten ore market analysis research has been mentioned in the report , domestic demand for tungsten basically showing steady growth in the state . Although the impact of the financial crisis is not over , the European sovereign debt crisis is still spreading and so the constraint of global economic development, but the trend of global economic growth will continue, tungsten demand will continue to grow in 2015 , total global demand may up to 83000t, with an average annual growth rate of 4%.


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