Tungsten Industry Towards Positive and Steady Direction (2)

2017: the price of tungsten has gone up after nearly 3 years of low price. The price of tungsten concentrate and APT and other raw materials had been adjusted slightly in June. The tungsten concentrate rose rapidly in September, the average monthly price was 113 thousand and 700yuan/ton, 68.20% rose from the same period, 13.93% and more than 100 thousand yuan/ton, which was the high of April 2014. After a brief correction in October, it began to pick up steadily after November, and now it is close to 113 thousand yuan/ton again. However, from the overall evaluation, the price of tungsten concentrate has not yet recovered to a reasonable level of cost of mining, some of the tungsten mining enterprises are still losing money, and the economic benefits of the industry have not been fundamentally improved, the factors that influence the market uncertainty still exist.

In domestic supply and demand, China's wolframite concentrate production showed a downward trend, scheelite concentrate production showed an increasing trend, the overall trend is stable. Low-grade coexisting scheelite resources have been comprehensively utilized. The proportion of scheelite concentrates in total output has increased from 32% in 2002 to 58% in 2016.

The gradual shrinkage of the output of mineral processing and trade enterprises is one of the uncertain factors in tungsten raw material market. The main sources of their output are: ①Normal trading volume. ②Acquisition of processing volume. ③the volume of border trade.

Among the tungsten consumed in tungsten production and processing, 66% comes from primary tungsten ore and 34% comes from waste tungsten products and waste tungsten recycling. At present, the utilization of waste tungsten in China is about 20%, and there is great potential. At present, the reclamation and utilization of waste tungsten mainly concentrated in 12 counties and cities in 8 provinces, more than 100 enterprises, the annual processing capacity is nearly 40 thousand tons, the recycling economy is vigorously developed, the recycling of resources is the fundamental way to alleviate the contradiction of resource constraints. It is also an effective way and important measures to reduce environmental pollution and improve economic benefits.

With the coordinated development of "Beijing Tianjin Hebei coordinated development", "the Changjiang River Economic Belt", "China made 2025" strategy and the implementation of the "area one road" initiative, the transportation of national and regional infrastructure along the line interconnected, energy, communication and other important landmark projects to accelerate the construction, "13th Five-Year" planning plan The implementation of the 100 major projects and projects, CNC machine tools, robots, automobile manufacturing, aircraft manufacturing and related industrial upgrading plans will continue to accelerate the steady growth of tungsten consumption, China's tungsten industry is still in an important strategic opportunity for development.

In 2017, the output of tungsten concentrate in China was influenced by the policies and control, the endowment of tungsten resources, the cost of mining and selection, the market price, and the factors such as capital, safety and environmental protection. The output of tungsten concentrate was generally stable. In the third quarter of rising prices, the tight supply pattern of tungsten raw materials has not changed fundamentally. With the gradual improvement of the confidence of the tungsten market, the contradiction between supply and demand will continue to improve. Enterprises need social integrity to prevent price games and prevent prices from rising and falling. On this premise, it is expected that the future price of tungsten market is expected to continue to fluctuate, narrow the volatility and move to the rational interval.

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