Scrap tungsten prices remain stable. The mainstream of transaction prices of domestic scrap tungsten blades that does not taxs concentrated in the 171-174 yuan / kg, imported blades 180-182 yuan / kg, scrap tungsten drill 190-192 yuan / kg, scrap pure tungsten blocks 210-214 yuan / kg. Tha mainstream transaction prices of scrap tungsten grinding material wolfram content of more than 70 degrees is 1.76 yuan / kWh; 50-70 degrees 1.66 yuan / kWh; 30-50 degrees 1.5 yuan / kWh, steady. The tungsten ore prices keep steady and to weaken .The businesses’shipment enthusiasm is enhanced. The mentality of scrap tungsten businesses is low because tungsten market transactions are still in poor situation.

Currently, the offers still keep stable. It is expected that scrap tungsten market will continue remaining stable for short term.

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Tin and tungsten will soon be excavated in Myeik through a collaboration of the Ministry of Mining and the Ngwe Kabar Myanmar Company. “The joint venture project was permitted on February 27 in accordance with the Myanmar Citizens Investment Law at the Investment Commission's 8/2013 meeting,” said a spokesperson from the commission.

The alloy ores will be excavated from an 812-acre site before being refined and produced into metals in Tanintharyi Region.“There is tin metal alongside a tungsten vein in Myeik. You can also find precious titanium there,” said Soe Thein, an experienced geologist.

The tungsten project will be of great help in helping the democratic process of  Myanmar, as it has just open its arm to the world not long before.

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Core Tip: The end of market demand on tungsten products and deep processing is poor and businesses are in wait - and - see state currently.

Domestic tungsten market quotes keeps steady and tends to weak and there is alarge difference in prices of supply and demand in tungsten ore market. APT businesses are not confident and become cautious. The end of market demand on tungsten products and deep processing is poor and businesses are in wait - and - see state currently. It is expected that tungsten market  will mainly keep stable prices for short-term. In other words, fluctuation range of tungsten prices is narrow.

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Prices for ferro-tungsten, a hard metal used in tool steels and light bulbs, have fallen to a more than two-year low in Europe, with traders blaming the continent's ailing steel industry and muted manufacturing activity. At around $39-$40 per kg, prices for ferro-tungsten are down nearly 10 percent since the beginning of the year and at their lowest since November 2010.

Prized for its high strength and resistance to heat, ferro-tungsten is commonly used as a steel alloy in industrial tools and heavy machinery used for working other metals, such as moulds and cutting tools. It is also used in filaments, electrodes, wires and other electrical and electronic components.

Metals traders said supplies were abundant, inquiries for ferro-tungsten were rare and trade volumes very thin, leaving them scrambling to secure orders at ever lower prices. "There's very little appetite for it (ferro-tungsten) in Europe from the steel mills and a lot of people have a lot of material on hand," said a UK-based trader.

Traders said prices were also weakening for other steel alloys such as ferro-molybdenum and ferro-vanadium, reflecting the woes of European steel firms, which have suffered heavy losses in recent years on the back of falling steel demand.

Steel demand is likely to slide further this year in Europe before a mild rebound takes hold in 2014, though it will remain well below pre-crisis levels, steel industry body Eurofer said last month. The fall in tungsten prices also reflects the wider struggle of manufacturing activity in Europe, said Robert Baylis, managing director at consultancy firm Roskill.

"You've got to remember that quite a lot of tungsten is used for automotive-related use and the European car manufacturing industry has been on a bit of a nosedive recently," he said.

Contrasting with the optimism that has lately lifted stock markets to multi-year highs, sagging physical demand and low confidence in Europe's chances of economic recovery are pressuring tungsten prices in a downward spiral, traders said. "Normally first quarters are very good quarters. But people are not confident, the economy is not as good as people expected," said a metals trader based in Germany.

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