According to China Tungsten Industry Report, 2014-2017, China is the world's largest tungsten ore resources owner and producer. In 2013, China's tungsten ore reserves hit 1.9 million tons, accounting for 54.3% of the world; its tungsten concentrate (WO365%) output was 138,000 tons, equivalent to 84.5% of the global output.

China's tungsten ore resources concentrate in Jiangxi, Hunan, Henan, Fujian, Guangxi, Gansu and other regions. In 2013, Jiangxi and Hunan shared 66% of the total reserves together.

The demand of cemented carbide for tungsten occupies 72% in the European market, 66% in the Japanese market and 54% in the Chinese market.

Resource control
As China controls the total tungsten resources, manages export quota, purchases and stores tungsten resources, as well as implements other tightening policies, the future tungsten ore supply in China, even in the world, will be tight, and the tungsten output growth will slow down, the report suggests.


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This week the price of waste tungsten steel rose slightly. Recently, the price (no tax) of waste tungsten bit focused on 189 to 190 yuan/kg, domestic waste tungsten blades price is 169 to 170 yuan/kg, imported waste tungsten blades price is 179 to 180 yuan/kg, up 0.5 to 1 yuan than the lowest price last week, but the highest price doesnot rise. The purchasing price of grinding material W content in 30 to 40 degree is concentrated in 1.45 to 1.5 yuan/degree, 50-70 degree focused on 1.55 to 1.65 yuan/degree, over 70 degree concentrated in 1.65 to 1.71 yuan/degree, with flat last week.

At the beginning of Sep, the atmosphere of wait-and-see in the market is strong, in addition, the guided price of tungsten concentrate has not yet been published in September, businessmen lack of pricing power. Gradually waste tungsten steel market demand is acceptable and dealing price is gradually close to the highest price, and business mentality is relatively strong. Waste tungsten material price associated closely with tungsten concentrate, but in tungsten concentrate price is poor in recent days, therefore waste tungsten material price is hard to rise. It is expected that waste tungsten market next week will stabilize, but the actual demand hasnot yet been released.

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
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Overseas tungsten market has turned up this week. Up to 3rd, Sep,  MB tungsten iron in Rotterdam is quoted 40 to 41 dollar/kg, which rose by $0.3 overall from last week. European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which is flat with last week. European summer break is over, downstream demand overseas has gradually released, the mentality of businessmen has became better, and quotation starts to rise, trading atmosphere is gradually recovery, it is expected that overseas tungsten market will continue to slowly rise next week.

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