Tungsten Market Outlook 2013

Chinatungsten Online learned that CPM Group has released its Tungsten Market Outlook 2013. The 150-page study provides an in-depth analysis of global tungsten supply, demand, and price trends, including projections for the next 10 years.  The report contains supply and demand statistics from 2000 through 2022, details on emerging tungsten projects inside and outside of China, a breakdown of tungsten demand by end-use, information on regional tungsten markets around the world, and detailed trade tables for tungsten ores, Ammonium Paratungstate (APT), and Ferrotungsten.

The prospects for the Chinese tungsten market are highlighted throughout the report, which includes a breakdown of Chinese mine production costs, mining regulation, and trade policy changes, and key demand drivers.  In addition, a project reference guide is provided with details on producing and potential tungsten mines.  The Tungsten Market Outlook provides 10-year forecasts for supply, demand, and prices under a base case and two alternate scenarios.

CPM Group’s Tungsten Market Outlook 2013:

    ►10 Year Supply and Demand Projections, and Ammonium Paratungstate (APT) Price Forecasts
    ►Tungsten Supply, Demand, and Price Projections under Alternate Scenarios
    ►Historical Supply and Demand Data
    ►Review of Chinese Trade Policies for Tungsten Products
    ►Breakdown of Chinese Mine Production Costs
    ►Tungsten Supply Detail by Country
    ►Tungsten Demand Statistics by End-Use and Region
    ►Benchmarking of Tungsten Exploration and Development Projects
    ►Mine Project Reference Guide for Producing and Potential Tungsten Mines

Tungsten demand, because of its heavy end use applications in machinery and steel, is highly sensitive to worldwide economic conditions.  Tungsten price activity over the past year largely reflected a slowing Chinese economy in which overall tungsten demand is estimated to have contracted in 2012.  In addition, as prices rose precipitously in 2011 many consumers built inventories; these inventories were partially worked down last year.  In December 2012, APT prices averaged, basis Metal Pages, $318/mtu, the lowest level since December 2010.  Over the longer term Chinatungsten Online's expects Chinese economic conditions to continue to support tungsten demand growth rates, albeit slower than in the previous decade.

Chinatungsten Online learned,China is the world’s largest producer of tungsten, typically contributing roughly eighty-five percent of global output.  Mine policies in China over the years have been introduced as part of the country’s longer term plan for economic development.  While there have been notable efforts by the Chinese government to increase the transparency of industry data, visibility into the market remains obscure.  Chinatungsten Online ’s in-depth analysis of supply trends encompasses extensive research within China to gather credible and reliable market intelligence.  Any significant shift in Chinese tariff or export policies could restructure the market again in the future.  Chinatungsten Online examines changes in these policies in its alternate scenarios for supply, demand, and prices.

Chinatungsten Online in-depth analysis of supply and demand trends encompasses extensive research to provide credible and reliable market intelligence to clients.  The outlook for tungsten supply growth is robust from both Chinese and non-Chinese producers that are expected to come on-stream over the next few years.  In the medium term, additional supply from projects in Vietnam, South Korea, and Britain could keep a cap on tungsten prices.  Over the longer term, tungsten’s unique physical properties and lack of viable substitutes should support demand and prices, despite a robust growth in supply.
 

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