Word Roundup: Tungsten mine take the goods properly, ore prices rose slightly to 60% currently wolframite has emerged 1.45 yuan / high quote but turnover was slightly lower than expected stalemate and the trading price of short-term or steady consolidation mainly rose sharply stamina inadequate ; domestic market prices of primary molybdenum relatively strong businesses go outside to wait and see the goods timely cash , subject to the cost impact is difficult to buy cheap downstream steel market due to poor operational state level is not high molybdenum iron tender business for the long-term bearish bias Quotes molybdenum prices more than expected short-term or temporary stability based.

Vietnam affected by the recent political unrest and anti- riot affected , major local manufacturers in Vietnam ferrotungsten Yang Star Tungsten (Vietnam Youngsun Tungsten) announced on Friday , taking into account the safety of factory workers in China will be suspended tungsten iron production . Affected by the mainstream of Chinese ferro-tungsten export prices surged nearly $ 1.00 / kg tungsten , Monday hovering around $ 42.00-43.00 / kg tungsten Rotterdam to shore , while the plant is shut down may result in late supply, and therefore the supply of goods held in China in Europe reluctant to less than $ 43.00 / kg tungsten price to pay to ship Rotterdam warehouse . Sino-Vietnamese border smuggling ferrotungsten large , but because of political tension , has been tightened in recent weeks , so smuggling ferrotungsten supply the European market decline.

Despite the gradually increasing pressure on the supply side , but this week the European ferro-tungsten prices continue to decline , on Monday evening news that a large European consumer business to 41.50 U.S. dollars / kg, the price of tungsten contraband sent to purchase a truck of the product , compared to prices earlier this month fell nearly $ 2.00 / kg tungsten.

Central Europe , a large tungsten iron traders said on Monday evening that he consumer business to $ 41.50 / kg tungsten prices contraband sent to purchase a truck ferrotungsten shocked his expected price is $ 42.50 / kg tungsten contraband sent to , and deal price far below that level.

The source said on Thursday morning , he received a major Chinese manufacturer of tungsten iron- tungsten iron on a counter offer for $ 42.80 / kg tungsten Rotterdam to shore , June delivery, Vietnam announced shutting down the male star Tungsten Industry after the plan Friday morning prices surged to $ 43.50 / kg tungsten Rotterdam to shore.

He also said that China Ferrotungsten another supplier in Europe, there are several cabinet ferrotungsten stock quotes at $ 43.00 Monday / kg tungsten Rotterdam warehouse delivery .

Europe and many other markets ferrotungsten traders who hold the same view , especially in the more affected by political unrest , under tungsten iron supply in Asia continued tense situation, he was spending the afternoon on Monday to $ 41.50 Manufacturer / kg tungsten contraband sent to cheap deal surprised.

The source said that last week he received a Chinese supplier quotes as low as U.S. $ 41.00-41.50 / kg tungsten Rotterdam to the shore , and even some vendors told him that the next few weeks the purchase price may be as low as $ 40.50 / kg tungsten Rotterdam warehouse delivery . But he said Yang Star Tungsten announced plans to shut down the impact on the market , offer changes happen soon , very difficult to get clear on Monday he quoted vendors.


Tungstenufn Maacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Market Comment

Scheelite : early May , CMN and Ganzhou Tungsten Association continued to fall in price guide , 65 degrees wolframite are 110,000 yuan / ton, although compared to the decline narrowed in April , but still large. Affected by this, coupled with the demand continues to slump , May tungsten concentrate prices hard up, prices are stable and low consolidation and more .

Ore price stabilized main reasons: First, the current price is already very close to mine cost line , holding business profitable , low-cost goods will go low ; Second, with the recent nickel, molybdenum prices, some businesses hope tungsten City also a miracle , cheap shipping will lower ; three is much lower tungsten smelting raw material inventory and raw material prices are currently at a low price, so the recent increase in tungsten ore inquiry .

Tungsten Chemical : With tungsten ore prices approaching low , the recent mining, Scheelite Scheelite manufacturer wishes to sell relatively low , APT smelting manufacturers of raw materials procurement difficulties , this support while prices remained relatively stable, relatively last month, just slightly down . It is understood that manufacturers offer at 16.5-16.8 yuan / ton, but the actual transaction acceptance month 16.6-16.7 yuan / ton, cash transactions 16.3-16.5 yuan / ton.

Tungsten Products : Tungsten products prices continued to fall this month . At the end , tungsten powder particles concentrated in the mainstream market price of 258-260 yuan / kg, native WC 257-259 yuan / kg, down from the previous month 6 yuan / kg. Market price is slightly confusing, some manufacturers lowest ex-factory price to 255 yuan / kg, but still have high market price 263 yuan / kg or so , resulting in an overall bargaining larger space , the actual turnover tends to be low-cost .

Outlook forecast

Despite continued weakness in domestic demand for tungsten City , has not improved , but overseas demand , orders increased, mainly: July is about to usher in the summer break , some overseas businesses will start buying APT, tungsten, iron, etc. In recent advance ; under Vietnamese political unrest and anti-Chinese riots affected , Vietnam sun Star tungsten industry will be discontinued , resulting in Asia tungsten iron supply tense , a slight increase in Chinese demand for iron tungsten .

By overseas demand is expected to promote , tungsten and iron smelters for tungsten concentrate purchases increased slightly in the short term or tungsten concentrate market remained relatively strong, but procurement is limited, limited efforts to support domestic demand did not improve , tungsten ore prices weak , tungsten concentrate prices in the short term or mainstream hovering 10.5-10.8 yuan / ton.


Tungstenufn Maacturer & 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

South China Sea between China and Vietnam conflicts warming , detonated Vietnam anti-Chinese movement spread to many foreign-owned factories , manufacturers almost escaped , the mob stormed the plant arson, looting broke into the dormitory property , the situation is very serious.

Due to the current social upheaval , taking into account the safety of Chinese workers and the actual operation of the plant , Vietnam Sun Star Tungsten decided to indefinitely discontinued. "At present, the domestic anti- riot intensified, we have no way of normal production , and therefore decided to suspend all production activities. Our long single transaction more than this year's , mainly in spot trading. As to when to resume production can not be determined . "One source Tungsten Vietnamese male star revealed .

The end of the first quarter of 2014 began , tungsten iron market downturn, oversupply , suppliers intense bidding , the mainstream prices have been slightly lower. Sun Star Stop tungsten iron production , coupled with the Vietnamese government to stop this year's re-export trade , export trade will go through after all the legal means to export a particular port , the total tungsten iron supply from Vietnam appears to reduce to some extent on the international market.


Tungstenufn Maacturer & 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