Tungsten market: tungsten market continued oversupply and weak demand, exert downward pressure on prices, then mine is now reluctant to sell, not cheap shipping, led to the current stalemate market transactions, prices temporarily smooth operation, scrap tungsten steel prices continue to run smoothly, the market weakening turnover from the previous month, the merchant price adjustment underpowered. Scheelite continued strong market sentiment, because tungsten ore and more money in the hands of traders were caught, sell it at a loss, could not move, watching the majority. Expected short-term market or stable tungsten slightly weak.

 It is said that more tungsten will be needed by next year, even as tungsten demand rises steadily at present, the world’s largest non-Chinese tungsten mine will be exhausted then. There is a prediction by analysts that investors should be lining up to fund new mines, not a bit of it.

In this case, a supply shortage could mean much higher prices, leading to handsome profits for those companies that get to market soonest. Actually, tungsten is often called as “rare”, but compared to a minor metal such as rhenium, which is used in super alloys, tungsten market is already around 80,000 tons (80 Kt) per year of tungsten metal content. Therefore, though it may be called “rare” sometimes, however, it is considered as a strategic metal, but not like a rare earth.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

It is reported that the world's growing demand for tools market. Where Europe, North America and stable growth, especially in Eastern Europe; Asian markets rebounded slightly, the market has great potential, significant growth markets in Latin America, particularly Mexico. Currently the world's cutting tool sales of over 10 billion U.S. dollars, industry developed in Europe, North America, Japan, Australia and the three major market share of 75% to 80%.

In Asia, China is an important market. It is predicted that our tool needs between 70 to 80 billion yuan, of which high-precision, high efficiency, high reliability and modern tools, such as carbide and ceramic superhard tool materials indexable cutting tool consumption is about 12 billion yuan, of which 80% to 85% dependent on imports, the tool used in mold manufacturing imports accounted for more than 90%. In the past year, the tool market has been slow demand growth, mainly due to increased tool life, then there is a user request for the entire manufacturing process to replace a lot of machines and tools. And versatile tool applications increase, a much simpler alternative to the conventional single-function tool. Users will be more emphasis on the future production plant for research and development tool, not only in the field of materials and surface coating technology, but also in the product and its production process tool focusing on aspects of production practices that help to increase the tool manufacturer in the field they are familiar the market competitiveness.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: recent tungsten market continued smooth operation, tight liquidity, traders were caught, difficult to operate. The current market sentiment continued strong, thinly traded. Due to the recent tungsten concentrate prices relatively stable, the price adjustment is not strong powder businesses, offer significantly narrowed the gap, the current majority holding steady on the sidelines. Paratungstate stable market as a whole, the price is relatively strong, in general. APT multi-order manufacturers to set production and sales, partially started production line, strict inventory control, short-term maintenance of stability-oriented material.