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China to Raise Export Rebate of Tungsten Cutting Tools, Aim at Imporving Cutting Tools Industry

Details: Category: Tungsten's News; Published on Wednesday, 20 March 2013 13:59; Hits: 2117

Having been approved by the State Council, Ministry of Finance and State Administration of Taxation, the issued Notice of Raising Export Rebate on Parts of Merchandises instructs to increase export rebate on moderately on labor intensive, technological and high value-added products. New standard of export rebate implemented by China involves only one product in machining tools -- tungsten carbide cutting tool of numerical -controlling machines, of which the export rebate rate will be booted to 11%

Insiders express that cutting tool industry has been encouraging the manufacturing of tungsten carbide products for years, and the improvement of the standard of export rebate suggests that the policy has been established in the basis of expanding domestic demand. The standard will benefit the stable improvement of national economy and improve the competitiveness of enterprises. It is said that, since the making of high speed steel cutting tools will cost a lot of resources, besides, the quality and price is rather low, so cutting tool industry has been ignoring it. But now cutting tools are badly in need for Chinese industries, exporting volume is quite large.

It is reported that the export volume of cutting tools has reached $0.8 billion and most of them are high-speed steel ones whereas tungsten carbide cutting tools only account for several million yuan. The exporting structure, at the same time, has been a factor of international trade conflict. Although countries like America and Germany have not yet respond obviously to Chinese exported cutting tools, Spain and some South American countries have taken place some boycotts.

The raise on export rebate of tungsten carbide products is expected to improve both the manufacturing and exporting of tungsten carbide cutting tools.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Ferrotungsten Market Stabilizes and Keeps Relatively Calm

Details: Category: Tungsten's News; Published on Tuesday, 19 March 2013 11:21; Written by Elva; Hits: 2293

Ferrotungsten market stabilized last week. In Ningbo and Hunan, the mainstream ferrotungsten price of 70 Group has cincertrated in 175,000-180,000 yuan / ton in Ningbo, Hunan so far. And the mainstream ferrotungsten price of 80 Group has cincertrated in 182,000-186,000 yuan / ton .

It is known that ferrotungsten market kept relatively calm last week and the downstream steel mills’ needs were incompetent because it was affected by the policy. Many manufacturers only produced by the orders. It is expected that ferrotungsten market mainly will keep stable in next week.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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International Tungsten Market On Mar 13,2013

Details: Category: Tungsten's News; Published on Tuesday, 19 March 2013 10:42; Written by Elva; Hits: 2306

Rotterdam ferrotungsten prices fell slightly again. According to the 13th UK(MB) quotes that the Rotterdam ferrotungsten price is 38.9-39.5 U.S. dollars / kg, and fell slightly. It has dropped 0.1 U.S. dollars / kg compared to the 8th price. The Hong Kong offer is 53-55 dollars / kg, continue unchang; APT quoted in Hong Kong is 355 - $ 360 / ton, Europe continues keeping between 319.4-342.1 U.S. dollars / ton. It is expected that international tungsten price will keep stable in next week.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten Products Market On Mar 19,2013

Details: Category: Tungsten's News; Published on Tuesday, 19 March 2013 10:58; Written by Elva; Hits: 2244

Currently, mainstream trading prices of the medium particles of tungsten powder concentrate in 270-275 yuan / kg, tungsten carbide 269-273 yuan / kg. The transaction tends to weak and the price gap between different merchants’ is still large.

The prices of tungsten bar, tungsten rod and tungsten electrode continue keeping steady. Mainstream trading price of tungsten electrode polished rod still concentrate in 440-450 yuan / kg, steelmaking tungsten bars 290-295 yuan / kg and individual businesses report 300 yuan / kg. Mainstream prices of high purity processing and brushed tungsten remained in 350-360 yuan / kg. Most of them need to book in advance because of few spot goods resources. So the prices keep relatively stable. Expected that tungsten products prices will keep stable and tend to rise this week.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten Products Market: The Price is Stable and Tends to rise

Details: Category: Tungsten's News; Published on Monday, 18 March 2013 16:09; Written by Elva; Hits: 2250

Last week, tungsten products prices remained stable. Currently, mainstream trading prices of the medium particles of tungsten powder concentrate in 270-275 yuan / kg, tungsten carbide 269-273 yuan / kg. The transaction tends to weak and the price gap between different merchants’ is still large. The prices of tungsten bar, tungsten rod and tungsten electrode continue keeping steady. Mainstream trading price of tungsten electrode polished rod still concentrate in 440-450 yuan / kg, steelmaking tungsten bars 290-295 yuan / kg and individual businesses report 300 yuan / kg. Mainstream prices of high purity processing and brushed tungsten remained in 350-360 yuan / kg. Most of them need to book in advance because of few spot goods resources. So the prices keep relatively stable. Expected that tungsten products prices will keep stable and tend to rise this week.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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