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.

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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! 

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Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese customers are inactive in making deals. The tungsten market keeps quiet in Japan this week. 

Tungsten trader based in Japan noted that the offers from Chinese suppliers increased continuously in the recent days. He said that the offers for APT are at USD385/mtu from China now, and some offers even reach around USD400/mtu. They have no intention in making deals in a short time.

The source reported that they mainly consume the rest of stocks, and even if they have to add some stocks, the trading volume will be small. As for the future market, he said that they will watch the market for a while.

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Owing to the weak demand and the increasing tungsten products prices in China, most of the Japanese customers are inactive in making deals. The tungsten market keeps quiet in Japan this week.

A major tungsten trader based in Japan noted that they have no plan to make deals from January to June. He revealed that they mainly keep producing on the long-term orders. The source said that they receive offers for APT at USD375-385/mtu from China, and some offers are even higher. However, they only could accept the prices at USD360-370/mtu or lower.

The source expressed that although the sales volume for car increases slightly in Japan, it is unlikely for the demand for tungsten products to recover obviously in the recent several months. Looking ahead, he said that they will watch the market for a while, and do not eager to make deals.

Vietnamese ferro-tungsten market is active.

As the major ferro-tungsten factories are out of production, the supply is tight in the ferro-tungsten market. The ferro-tungsten prices showed uptrend in the recent days.

It is revealed that their capacity is around 300 tons per month, and they do not intend to run in full capacity in a short time as the current raw materials prices are too high for production cost. They will mainly deal with the long-term orders, and watch the market for a while.

A ferro-tungsten trader based in Vietnam reported that they received more inquiries in the recent days. He expressed that the offers for ferro-tungsten 75% are at USD46/kg W in the local market, which increased slightly compared with those of last week.

The source noted that owing to the tight supply in the European ferro-tungsten market, the ferro-tungsten prices kept moving up in the recent one month. Looking ahead, he thinks that as the supply for ferro-tungsten will not recover in a short time, it is likely for the ferro-tungsten market keep uptrend in the coming days. 

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Vietnamese ferro-tungsten market is active.

As the major ferro-tungsten factories are out of production, the supply is tight in the ferro-tungsten market. The ferro-tungsten prices showed uptrend in the recent days.

A source from a major ferro-tungsten factory based in Vietnam expressed that they just resume production, but are not in full capacity now. The source noted that the prices for ferro-tungsten 75% increase to around USD48-49/kg W in the European market now, and some offers are even higher.

Furthermore, owing to the tight supply in the European market, it is expected that the prices will go up further in the near future.

You can visit the following links for more information about ferro-tungsten market. Thank you very much! 

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China tungsten concentrate prices hold stable tentatively.

China tungsten concentrate prices hold stable this week, and most of the market participants watch the market.

A source from a tungsten concentrate factory expressed that they make offers for wolframite 55% at RMB1,660kg USD267kg VAT excluded this week. 

You can visit the following links for more information about tungsten concentrate market. Thank you very much! 

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European ferro-tungsten prices still on the rise.

Ferro-tungsten prices in the European ferro-tungsten market firmed another USD1.00kg W last week leaving offers between USD48.40-49.40kg W in warehouse Rotterdam.

Despite a relatively quiet week in terms of consumer buying activity, the tightness in the availability of prompt release material in Rotterdam continued to inflate prices on the inter-trade market. A large European trader of ferro-tungsten claimed that the market remains “a crazy game that everyone is playing”, explaining that trader talk is inflating nearly every parcel of ferro-tungsten.

You can visit the following links for more information about ferro-tungsten market. Thank you very much! 

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China tungsten carbide powder market keeps quiet.

The tungsten carbide powder prices kept stable in the recent days, but as the downstream customers were inactive in making deals, the market was inactive.

It is expected that the tungsten carbide powder market will be quite in a short time. Furthermore, the current tungsten carbide powder prices are under the production cost, and most of the tungsten carbide powder factories are cautious in making deals.

You can visit the following links for more information about  tungsten carbide powder market. Thank you very much! 

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