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

Read more: Inventory and capital double pressure, tungsten prices uplink power

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

 

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 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.


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

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
 

 

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

 

 

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