European ferro-tungsten prices drop further as demand dries up.

Last week’s USD1.00kg W price decline of the European ferro-tungsten price appears to be slightly more than simply profit taking by traders who purchased large volumes of material when prices were rocketing up through April and May.

Although some ‘cashing in’ appears to have been behind the initial drop in price last week, sources on Tuesday stated that softening downstream demand and increasing availability of material have also reversed earlier concerns that supply of material would continue to tighten into the summer months. 

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China someone announced the offers for wolframite 65% at RMB155,000t USD384mtu, and the offers for scheelite 65% at RMB154,000t USD382mtu in June, which increased by around RMB17,000t USD42.2mtu compared with those of in second half of May.

On 5th Jun, Ganzhou Tungsten Industry Association announced the guiding price of wolframite 65%min at RMB135,000t USD334mtu, which increased by around RMB2,000t USD4.96mtu.

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China ferro-tungsten market shows no improvements.

China tungsten concentrate prices move up gradually and ferro-tungsten suppliers have to raise offers.

However, as the downstream customers are cautious in making deals, China ferro-tungsten market continues to be quiet.

A ferro-tungsten trader based in North China expressed that they make offers for ferrotungsten 75% at RMB200,000t USD43.0kg W, but the customers are cautious in making deals.

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). Thank you very much! 

China tungsten carbide powder export market keeps quiet.

Currently, China tungsten carbide powder prices are stable, but owing to the soft demand, the trading volume is small in the spot market.

Furthermore, the overseas customers are cautious in making deals as the China tungsten carbide powder prices are fluctuant and the demand from the downstream markets keeps weak. 

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Central African origin tungsten concentrate export prices firm, strong demand from China buyers.

Cautiously optimistic downstream tungsten users in both the China and European markets seem confident that tungsten concentrate prices would be supported at higher levels than currently seen. 

The export prices of tungsten concentrate 60%min WO3 from Central Africa have firmed a further USD5mtu over the past two weeks to range between USD280-290mtu CIF China, and many suspect further increases will be felt through June as Chinese plants continue to show strong demand for material. 

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European ammonium paratungstate market (APT) offering prices edge up on higher tungsten prices in China.

Due to the recent price fluctuations in the China tungsten concentrate market, European traders of APT increased mainstream prices by USD10mtu last week, leaving offers between USD365-375mtu in warehouse Rotterdam on Friday.

Although the rally on tungsten concentrate abated to a degree in China last week, the figures did hold firm, and many market participants in Europe still expect further increases in the China ammonium paratungstate market (APT) export price. In Europe, downstream consumers continue to show limited demand for APT and continue to work through existing inventories. 

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). Thank you very much! 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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China, as the world’s largest Tungsten resource county, holds 58.95% of global tungsten reserves and supplies around 85% of tungsten ore worldwide. In 2012, China newly added 200,000 tons of tungsten (WO365%) reserves and output of 131,100 tons of tungsten concentrate (WO365%), down 3.35% from a year earlier. Exposed to the restrictive policies on control of exploitation amount and export quotas as well as new limited prospecting of resources, etc, the supply and demand in tungsten market is obviously out of balance, and it is expected that China’s output of tungsten ore will see limited growth in the upcoming several years, and that global tungsten market will be still in tight supply according to report China Tungsten Industry Report, 2012-2015.

The slowdown in downstream demand from machining, electronics, real estate markets in 2012 caused the sluggish development of China tungsten industry, with the consumption of tungsten concentrate (WO365%) decreasing by 15.6% year-on-year and the lingering price slump.

Starting from Mar.2013, the demand for tungsten products at home and abroad saw a huge surge, with the selling price on a gradual rise says the report.

Geologists have discovered a large tungsten mine in east China's Jiangxi Province, officials said.

More than 1 million tones of tungsten and associated copper have been found at the mine in the Zhuxi mineral area of Fuliang County in the northeast part of the province, said Peng Zezhou, chief of the provincial geology and mineral resources exploration bureau.

The Ministry of Land and Resources confirmed the discovery on Wednesday on its website.

A maximum depth of 449 meters of tungsten and 30 meters of associated copper in themine has been penetrated, said Peng.

The reserve explored is in the same province as the world's largest tungsten mine,which was found in Wuning County, Jiujiang City, Jiangxi. It holds tungsten reserves totaling 1.06 million tones.

Geologists said they expect to find more tungsten at the newly-discovered mine, which could oust the mine in Wuning County as the world's largest.


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Chinese  ammonium paratungstate (APT) export prices keep firm

In the recent days, ammonium paratungstate prices (APT prices) moved up slightly in the overseas market, which were at USD365-375mtu.

However, it is still under the production cost for the China  APT suppliers. Most of the APT suppliers hold offers firm and watch the market for a while.

A source from an APT factory based noted that they make offers for APT at RMB197,000-198,000t USD359-360mtu, unchanged compared with those of last week.

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). Thank you very much! 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

China ammonium paratungstate market (APT market) remains quiet with stable prices.

As the demand from the downstream markets does not recover, most of the market participants hold wait-and-see attitudes toward the future market.

A source from an ammonium paratungstate (APT) factory  noted that they make offers for APT at RMB195,000-196,000t USD.

You can visit the following links for more information about  ammonium paratungstate prices (APT prices). Thank you very much! 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com