Mike Evans of AR Recycling explained that scrap tungsten prices per pound have hit a peak and business has fallen.
Those in the industry are hoping that the numbers will be stronger later this year, he says, specifically from September to December.

Others in the industry have also confirmed this claim of a slowdown. Frank Stanbach of Carbide Cutting Tools9 said that about a month ago the large scrap buyers just stopped buying.

To put things into perspective, he explained, that one company that he has done business with has millions of pounds of scrap on hand and it’s not moving because there are no buyers.

Stirling agreed that part of the problem right now is that buyers do not want to pay the current scrap  tungsten prices.
 

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Bob Stirling of PM Recovery6 refers to tungsten scrap as “strange material.” By this, he means the business, not the actual metal. And he is not the only one to report bizarre behavior in this segment of the supply chain.

At a time when tungsten prices have soared, when the lead supplying nation is limiting exports, and analysts are predicting supply shortfalls.

 It may seem reasonable to assume that the scrap market would be booming in a country that classifies the metal as a strategic and critical material7 but has no active mines.

This, however, is not the case in the US, according to some players in the tungsten scrap and recycling industry.
 

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The report, published by ResearchInChina, highlights mineral reserves, supply & demand and development trends of the global tungsten industry, the policy environment, resource reserves, ore type, regional distribution, supply and demand, competition pattern and development trends of the China tungsten industry, the import and export of product breakdown, and the operation, tungsten business and development outlook of nine Chinese industrial players.

China, as the world’s largest tungsten resource country, holds 58.95% of global tungsten reserves and supplies and around 85% of tungsten ore worldwide. In 2012, China newly added 200,000 tons of tungsten reserves and output 131,100 tons of tungsten concentrates, 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 Chinas output of tungsten ore will see limited growth in the upcoming several years, and that global tungsten market will be still in tight supply.

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 decreasing by 15.6% year-on-year and the lingering price slump.

In China, major tungsten producing regions are concentrated in Jiangxi, Hunan, Henan, Guangxi and Fujian, the combined tungsten concentrate of which occupied over 88% of China’s total in 2012. In particular, Jiangxi came out top in terms of tungsten concentrate output, registering 46,500 tons.

In Jiangxi, leading tungsten processing enterprises include Chongyi Zhangyuan Tungsten Co Ltd, Jiangxi Tungsten Industry Group Co Ltd, Jiangxi Rare Earth Metals Tungsten Group Co Ltd, and Jiangxi Xiushui Xianglushan Tungsten Co Ltd, while in Hunan, the counterparts are represented by Hunan Nonferrous Metals Holding Group Co Ltd and Chenzhou Mining Group Co Ltd.


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China tungsten carbide powder prices remain firm.

The demand from the cemented carbide market does not show obvious improvements at present, and the customers only purchase from hand to mouth with watching attitude.

The trading volume is small in the spot market with the soft demand. The tungsten carbide powder offer keeps stable as whole, but it is chaotic in the spot market.

You can visit the following links for more information about tungsten carbide powder market.

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European ferro-tungsten prices soften.

European ferro-tungsten prices declined by almost USD1.00kg W at the back end of last week as a small flurry of consumer buying activity pushed traders to offload units of material and tendering offering prices became aggressively low.

Offering prices ranged between 

Tungsten concentrate offers firm but trading volume small

China tungsten concentrate prices are stable this week, and many suppliers are cautious in making deals with watch attitudes. The trading volume is small in the spot market.

A  tungsten concentrate factory  noted that they make offers for wolframite 55% at RMB148,000-150,000t USD373-378mtu this week, and some offers are at above RMB150,000t USD378mtu.

You can visit the following links for more information about tungsten concentrate offers.

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Indian tungsten carbide powder market keeps stable.

Indian tungsten carbide powder market is quiet, and the trading volume is small. Many customers are inactive in making deals, and intend to watch the market for while.

A trader based in India expressed that they receive offers from China tungsten carbide powder suppliers at  65.00-69.00USD/KG.

You can visit the following links for more information about  tungsten carbide powder prices.

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Japanese ammonium paratungstate market ( APT market) sees few deals.

Japanese economy recovers slowly and tungsten market sees little improvement. Most traders and consumers watch the market when the prices for China tungsten products keep increasing.

Furthermore, many Japanese customers will leave market for summer holiday, and they have no plan to make purchasing in the following two months.

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

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Trading remains thin in China ammonium paratungstate market (APT  market).

China ammonium paratungstate market (APT  market) continues to be inactive this week. The prices for APT are stable now, but owing to the soft demand from the downstream customers, the trading remains thin in the spot market.

A source from an APT factory based  noted that they make offers for APT at RMB228,000t USD422mtu this week.

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

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In recent months, there have been a number of very positive developments that will further improve the economics of the project.

The overall mining industry slowdown has led to a significantly reduced operating and capital cost structure. Contrary to many other metals, the tungsten price continues to appreciate in US dollar terms.

Which coupled with the declining Australian dollar, has resulted in significantly higher Australian dollar tungsten prices in recent months.
 

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