With the guidance of the announcement, powder prices fell, scrap tungsten steel market prices fell again, the spot market transactions better than last weekend, bar, CNC blade, milling and other markets is still some demand, scrap tungsten steel traders wait so ferrotungsten manufacturers offer a substantial reduction, profit contraction. Tungsten steel scrap prices are expected to decline blocked, or vulnerable in the short term maintenance of stability.

Macro level, China again after a lapse of nearly 20 years of housing reform: Corrects re-market light protection; 2025 follow-up policy in China will fall, including tax support and so on; the second batch of local government bonds trillion displacement amount issued.


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Tungsten market: With the guidance lower, tungsten market demand remained weak, the market sentiment strong bearish, tungsten smelters were forced to offer lower again, native low tungsten prices have dropped 190 yuan / kg, expected late actual transaction or fell to 190 or less. Wolframite 86,000 yuan / tonne mark, APT13.3 yuan / ton, the particles 215 yuan / kg. Weak market conditions difficult to improve or continue to run low.

As a producer of tungsten carbide tools raw materials prices continued to fall. As an intermediate raw material price index of ammonium paratungstate (APT) the current price of around $ 230 per 10 kilograms, and its recent peak in early 2015 it fell by 25% compared to. The reason is that China and the United States demand growth is weak.

In China, iron ore and other resource prices fell, mining-related demand growth is weak. He said, "The Chinese government this year has yet to tungsten implementation of the national purchasing and storage."

Tungsten is widely used in auto parts processing tools and tunneling equipment and other super-hard tools. In the United States, from the second half of 2014, crude oil prices were low, demand shale gas related tools declined.

In Europe and Japan, although the automotive sector centered tungsten demand held firm, but "due to the bearish market, many companies no longer increase in inventory." Although mainly grown in China, but is expected early in the year the UK will also start production of tungsten. With the increase in the supply of tungsten prices could fall further.


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

With the guidance lower, tungsten market demand remained weak, the market sentiment strong bearish, tungsten smelters were forced to offer lower again, native low tungsten prices have fallen to 190 yuan / kg, the actual transaction is expected to tungsten carbide or late fall 190 or less.

Macro, May CPI fell out of the loose space, in June to cut interest rates drop quasi expected warming; environmental Thirteen Five Plan steering dual objectives, investment is expected to exceed 17 trillion; relaxing fund the purchase of first-tier cities.


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