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Tungsten Price was Affected by Diplomatic Issues in Mideast

Details: Category: Tungsten's News; Published on Tuesday, 05 January 2016 16:40; Written by xinyi; Hits: 856

Middle East sectarian conflict escalated once again, which shocks the international market.

Saudi Arabia, Bahrain and Sudan have cut off diplomatic relations with Iran.

On Saturday, Saudi Arabia executed a well-known Shi’ite Muslim leader. The cleric had publicly criticized the leaders of Saudi Arabia and Bahrain.

Affected by aggravate tensions between regions, WTI oil prices jumped by about 3 percent to $ 38.10 per barrel. Brent crude also rose more than 2%.

Spot gold rose 0.3 percent. It touched 120.30 the yen against dollar , top of ten months, the S & P 500 Index futures rose 0.3 percent.

Tungsten prices rises in short term, but it is bound to be affected because of this incident. And it may rise again due to the affection of production cost in the next period of time.

Three of Saudi Arabia's close allies joined the kingdom Monday in severing or downgrading diplomatic ties with Iran, and a UN envoy will visit Riyadh and Tehran in a bid to diffuse tension in the region.

Bahrain and Sudan announced to cut diplomatic relations with Iran on Monday, accusing Tehran of interfering in the Arab states' internal affairs.

The United Arab Emirates (UAE) has decided to downgrade its diplomatic relations with Iran and reduce the number of Iranian diplomats in the country.

On Sunday, Saudi Arabia cut off its diplomatic relations with Iran after angry protesters stormed its embassy in Tehran to protest the execution of prominent Shiite cleric Nimr al-Nimr.

Saudi Foreign Minister Adel al-Jubeir announced Monday that his country will cease air traffic with Iran, placing a travel ban for its citizens, reported Al Arabiya.

The top Saudi diplomat also said that commercial ties with Iran are also severed.

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Tungsten Market Stability, Tungsten Concentrate Price Goes up

Details: Category: Tungsten's News; Published on Tuesday, 05 January 2016 16:14; Written by yiping; Hits: 747

Tungsten market : nearly to Chinese New Year, the smelting factories of tungsten products have low enthusiasm at operation. And many manufactures are all very caution at production and manufacture. So it is expected that in the short term tungsten market quotation will steady and spoot market contract light.

Besides, APT manufactures are all active inquiry about tungsten concentrate raw material and prepare for production after Chinese New Year. However many mining companies in order to making tungsten series products price go up so they still don’t want to sale tungsten ore. It is indicated at the beginning of January, the price of tungsten concentrate price will steady and the prevailing price is about 62,000.00 to 66,000.00 RMB/ton.

The average price of mainly series tungsten products: wolframite concentrate (content ≥65%): 66,000.00 RMB/ton; scheelite concentrate (content ≥65%): 64,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 100,000.00 RMB/ton, export price:220.00 $/mtu; tungsten powder (content ≥99.95%): 162.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 160.00 RMB/kg, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 215.00 RMB/kg, export price: 34.22 $/kg.

Chinatungsten molybdenum and tungsten series products’ price: copper plating (W72): specification: 175×35×4, price:108 RMB for one; cemented carbide rod (YG10X): specification: φ3×330, price: 15.6 RMB for one; molybdenum sheet (content 99.95%): specification: 400×250×0.5, price: 218.5 RMB for piece; tungsten electrode (content 99.95%): specification: φ2.4×175, price: 6.957 RMB for one; tungsten alloy rod (content 90%): φ18×90, price: 150.00 RMB for one; tungsten billet (content 90%): φ7.15×54.6, price:31.00 RMB for one; sodium tungstate (content 68.5%): price: 88,000.00 RMB/ton.

Tungsten Supplier: Chinatungsten Online www.chinatungsten.com	Tel.: 86 592 5129696; Fax: 86 592 5129797;Email:sales@chinatungsten.com
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High Costing of Tungsten Raw Material, Ferro Tungsten Continues to Go up

Details: Category: Tungsten's News; Published on Thursday, 31 December 2015 11:40; Written by yiping; Hits: 709

Tungsten market quotation: at the early time oversea ferro tungsten price has been grow up with small range and in China, tungsten concentrate raw material price is strength and production costing is high so the price of ferro tungsten continues to go up. The quoted price of 70 ferro tungsten is above 11,000.00 RMB.

The average price of mainly series tungsten products: wolframite concentrate (content ≥65%): 66,000.00 RMB/ton; scheelite concentrate (content ≥65%): 64,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 100,000.00 RMB/ton, export price:220.00 $/mtu; tungsten powder (content ≥99.95%): 162.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 160.00 RMB/kg, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 215.00 RMB/kg, export price: 34.22 $/kg.

Chinatungsten molybdenum and tungsten series products’ price: copper plating (W72): specification: 175×35×4, price:108 RMB for one; cemented carbide rod (YG10X): specification: φ3×330, price: 15.6 RMB for one; molybdenum sheet (content 99.95%): specification: 400×250×0.5, price: 218.5 RMB for piece; tungsten electrode (content 99.95%): specification: φ2.4×175, price: 6.957 RMB for one; tungsten alloy rod (content 90%): φ18×90, price: 150.00 RMB for one; tungsten billet (content 90%): φ7.15×54.6, price:31.00 RMB for one; sodium tungstate (content 68.5%): price: 88,000.00 RMB/ton.

On the other hand, at the present, there is hard to buy tungsten concentrate raw material. The production of APT is not too much but still can satisfy market requirement. So under this situation it is hard to support APT price grow up. The quoted price of APT is at 96,000.00 RMB/ton.

tungsten, ferro tungsten

At the early time oversea ferro tungsten price has been grow up with small range and in China, tungsten concentrate raw material price is strength and production costing is high so the price of ferro tungsten continues to go up.

tungsten ore

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Saudi to Build Integrated Power Plant and to Use Tungsten as Solar Material

Details: Category: Tungsten's News; Published on Tuesday, 05 January 2016 16:10; Written by yiping; Hits: 605

According to the office Saudi Press Agent(SPA)reported that Saudi Electricity Company (SEC) invested 980 billion dollars to build combined cycle powder plant on Wadd Al Shamal. The total installed capacity of this plant is 1395MW and solar powder installed capacity is 50MW. This combined cycle powder plant is expected to finish in 2018. Because this plant can generate electricity of by solar powder so the the plant can save 4 million barrels of oil during the whole project life cycle. The chief executive officer of SEC Al-Shiha indicated that the solar panels will outsource to third parties.

Tungsten material as new solar material not only can use for solar panels production but also can use in other solar power fields which gets more and more attention. For example, tungsten diselenide (WSe2) can apply in produce fine and flexible solar cells and so on.

The scientist of Massachusetts Institute of Technology developed a kind of sunshine capture. The inside of capture cover a fine layer tungsten which experienced a series of complex processes. The side which face to the sun cover with small concave holes on the surface and this small concave holes play an important role of capture the light of sun. When this equipment set up already and make this small concave holes face to the sun, a lot of incident ray will through this concave holes get into bottom and absorb by tungsten.

On the other hand, many researchers insisted that WSe2 is more suitable than graphene to develop solar cells. Because the main structure of WSe2 is Se atom on the up and down layer and mid layer makes up by tungsten atom. This structure is similar with graphene and it can absorb lights as well. Besides the absorbed light can use for generate electricity. Using WSe2 to produce a kind of film. This film not only fine but also thin about 95% light can penetrate. But the rest of 5% light will absorb by material and turn into electricity. So intestine efficiency of this film si quite high if multiple thin layer accumulation to each other so a lot of incident ray can be more efficiently use.

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Tungsten alloy is superior material for Dongfeng-15C penetrating missile

Details: Category: Tungsten's News; Published on Monday, 28 December 2015 22:18; Written by TungstenAlloy; Hits: 1398

It is said that China has officially equipped the first type of to-ground missile, so-called Dongfeng-15C penetrating missile, which has an ahead of 2500 mm length, 500mm diameter and more than 500KG unit weight. Its hitting accuracy reaches 30000mm and its shooting range is 600KM.