Chinese Tungsten Concentrate Price Edged Down due to Negative Purchasing

Chinese tungsten concentrate was offered at RMB106,000-107,000/mt (USD17,377-17,540/mt, export duty excluded), as downstream demand was depressed. Some miners with high stock had to drop offer, while others were watchful.
 
A tungsten concentrate miner from Hunan offered RMB109,000/mt (USD17,868/mt, export duty excluded), and only sold materials to Minmetals. Minmetals decreased buying volumes, and real transaction price slipped slightly. It is expected that W concentrates future market would keep steady, and rely on indication floor price next month.
 
 
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Inventory and capital double pressure, tungsten prices uplink power

Tungsten downstream market consumption weakness, mine normal start, in the dual pressure of inventory and capital, tungsten prices weak, because shippers sell, the current market of tungsten concentrate temporarily Dimensional stability operation, market wait-and-see sentiment strong.

It is understood, tungsten concentrate 60 degrees above the shippers demand concentrated in the 10.3-10.5 yuan / ton, buyers inquiry concentrated in the 10-10.2 yuan / ton, the actual transaction in tungsten concentrate 55-60 bid for 10.1-10.2 yuan / ton (invoice to pay the whole or the goods to pay more than eighty percent of the money). It is understood, Jiangxi, Hunan all has the smelting factories in 10-10.2 yuan / ton this price purchase dozens of tons, or hundreds of tons of tungsten concentrate.

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Tungsten products continue to maintain a stable potential, powder is closer to the high price

Tungsten powder and tungsten carbide market price rise. At present, the actual transaction price of mainstream concentrated in between 254-256 yuan /kg, compared to the previous rose 1 yuan /kg. Low price has decreased, but not the price, price gap narrowed further, there were no obvious improvement, but tungsten concentrate prices stabilize, powder business's price will be stronger, short-term or temporary steady watching.

Steel bars offer still concentrated in the vicinity of 270 yuan /kg, 285 yuan /kg of high purity tungsten rod, tungsten electrode polished rod is 405 yuan /kg, 360 yuan /kg black tungsten rod. Due to lack of tungsten concentrate prices rise, tungsten products business pricing power, price had to continue to maintain stability, lower still on-demand procurement. Expected short-term tungsten products market will continue to maintain a stable potential multi.


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Export Statistics of Tungsten Trioxide in May 2014

Tungsten trioxide is a kind of yellow powder, and insoluble in water, but soluble in alkali, slightly soluble in acid. It is used for high melting point alloy and cemented carbide, tungsten wire and fire prevention materials etc,  which has very extensive application, and is very popular in the field of production and processing.

In addition, China is a power in producing tungsten, occupied a large proportion all over the worldwide, which makes our country have great superiority to tungsten trioxide export.

The following is export statistics of tungsten trioxide in May 2014:

export list of tungsten trioxide in May 2014

country quantity/kg money/dollar

contrast to last year±%

quantity money
Japan 101,500 3,709,097 0 0
Korea 98,000 3,514,006 -34.7 -32.8
France 20,000 707,684 0 0.9
America 20,000 716,185 -55.6 -54.5

 

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Import Statistics of Tungsten Trioxide in May 2014

Tungsten trioxide has extensive application,and China is a power in producing tungsten, occupied a large proportion all over the worldwide, which makes our country have great superiority to tungsten trioxide export. In May 2014, tungsten trioxide imports mainly to United States and Germany, but the total quantity and amount of money is less than the same period last year, and Germany is in the tendency of reduction. from it we can conclude that China has greatly reduced the the reliance on foreign imports.

The following is import statistics of tungsten trioxide in May 2014 : 

import list of tungsten trioxide in May 2014

country quantity/kg money/dollar

contrast to last year±%

quantity money
America 2 213 0 0
Germany 0 365 -100 -98.2
 

 

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Tungsten Product Market Stops Falling and Is Stable in Short Term

The price of tungsten product stops falling and will be stable in short term. The chaotic market of tungsten powder and tungsten carbide has been slightly improved, and the actual price focus on 253-255 yuan/kg, and difference bewteen high and low price has been narrow significantly. Although the volunm of dealing is not much, as a result of tungsten concentrate prices falling, powder merchants also don't want to continue to cut price, market stay a state of wait-and-see.
 
Steel tungsten bars offer is still concentrated in the vicinity of 270 yuan/kg, high purity tungsten bars is 285 yuan/kg, tungsten electrode polished rod is 405 yuan/kg, and black tungsten rod is 360 yuan/kg. although there is certain inquiries in the downstream, there is few dealing. it is predicted that tungsten products market continues to be steady in short term.
 
 
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Tungsten products market prices temporarily stabilized, the transaction performance is still not free

Tungsten products prices bottomed, transient stability. Tungsten powder and tungsten carbide market price disorder situation improved slightly, the actual transaction price between 253-255 yuan mainstream concentrated on /kg, high price difference narrowed significantly, although the current transaction performance is still poor, but because of tungsten concentrate prices bottomed, powder businesses also unwilling to continue to cut prices, the market atmosphere of wait-and-see thickening.

Steel bars offer still concentrated in the vicinity of 270 yuan /kg, 285 yuan /kg of high purity tungsten rod, tungsten electrode polished rod is 405 yuan /kg, 360 yuan /kg black tungsten rod. Downstream although a certain amount of inquiry, but the actual transactions scanty, businesses is the lack of pricing power, to continue to stabilize prices. The market is expected to short-term continuation of tungsten products stable potential.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten market demand has not improved, the market wait-and-see atmosphere thickening

Tungsten market: this week the tungsten demand not obviously improved, although the downstream APT smelting enterprises sustained inquiry, but the price is lower than the shippers expectations, buyers and sellers are not a sign of weakness, the overall market volume was light, tungsten powder and tungsten carbide market price disorder situation slightly improved, high price difference narrowed significantly, although the current transaction performance is still the poor, but because of tungsten concentrate prices bottomed, powder businesses also unwilling to continue to cut prices, the market atmosphere of wait-and-see thickening. The demand of sodium tungstate market downturn, turnover difficulties, manufacturers still production, is expected to market steady operation.

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Export Distribution of Tungsten Trioxide in April, 2014

In April 2014, the export of tungsten trioxide is mainly distributed in Japan, Spain, Netherlands, Belgium and South Korea, United States, Sweden, and Japan accounted for the largest share of 39%.

The following is  export distribution of tungsten trioxide in April, 2014:

 

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Export Statistics of Tungsten Trioxide in June, 2014

China is a power in producing tungsten, occupied a large proportion all over the worldwide, which makes our country have great superiority to tungsten trioxide export. Statistics show that China's tungsten trioxide export to many countries with large quantities.

The following is export list of tungsten trioxide in June, 2014:

Export List of Tungsten Trioxide in June, 2014 

country quantity/kg money/dollar contrast with last year±%
quantity money
Japan 202900 7307473 1929 2196.5
Korea 40600 1488764 -67.3 -65.7
Germany 40000 1339323 0 0
Hongkong 20000 751648 0 0
Holland 20000 683000 -50 -51.8
America 20000 737191 -69.7 -68.4
India 10000 333000 900 867.5
Taiwan Jinma Tariff Zone 500 17750 0 0

 

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