Struggling Tungsten Signals Poor Prognosis For EU Industry
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- Category: Tungsten's News
- Published on Monday, 18 March 2013 10:11
- Hits: 2464
Prices for ferro-tungsten, a hard metal used in tool steels and light bulbs, have fallen to a more than two-year low in Europe, with traders blaming the continent's ailing steel industry and muted manufacturing activity. At around $39-$40 per kg, prices for ferro-tungsten are down nearly 10 percent since the beginning of the year and at their lowest since November 2010.
Prized for its high strength and resistance to heat, ferro-tungsten is commonly used as a steel alloy in industrial tools and heavy machinery used for working other metals, such as moulds and cutting tools. It is also used in filaments, electrodes, wires and other electrical and electronic components.
Metals traders said supplies were abundant, inquiries for ferro-tungsten were rare and trade volumes very thin, leaving them scrambling to secure orders at ever lower prices. "There's very little appetite for it (ferro-tungsten) in Europe from the steel mills and a lot of people have a lot of material on hand," said a UK-based trader.
Traders said prices were also weakening for other steel alloys such as ferro-molybdenum and ferro-vanadium, reflecting the woes of European steel firms, which have suffered heavy losses in recent years on the back of falling steel demand.
Steel demand is likely to slide further this year in Europe before a mild rebound takes hold in 2014, though it will remain well below pre-crisis levels, steel industry body Eurofer said last month. The fall in tungsten prices also reflects the wider struggle of manufacturing activity in Europe, said Robert Baylis, managing director at consultancy firm Roskill.
"You've got to remember that quite a lot of tungsten is used for automotive-related use and the European car manufacturing industry has been on a bit of a nosedive recently," he said.
Contrasting with the optimism that has lately lifted stock markets to multi-year highs, sagging physical demand and low confidence in Europe's chances of economic recovery are pressuring tungsten prices in a downward spiral, traders said. "Normally first quarters are very good quarters. But people are not confident, the economy is not as good as people expected," said a metals trader based in Germany.
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Scrap Tungsten Market On Mar 15,2013
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- Category: Tungsten's News
- Published on Friday, 15 March 2013 16:39
- Written by Elva
- Hits: 2430
Scrap tungsten prices remain stable. The mainstream of transaction prices of domestic scrap tungsten blades that does not taxs concentrated in the 171-174 yuan / kg, imported blades 180-182 yuan / kg, scrap tungsten drill 190-192 yuan / kg, scrap pure tungsten blocks 210-214 yuan / kg. Tha mainstream transaction prices of scrap tungsten grinding material wolfram content of more than 70 degrees is 1.76 yuan / kWh; 50-70 degrees 1.66 yuan / kWh; 30-50 degrees 1.5 yuan / kWh, steady. The tungsten ore prices keep steady and to weaken .The businesses’ shipment enthusiasm is enhanced.After scrap tungsten prices rose slightly ,the situation of market transactions become poor. Tungsten ore quote turn weak and the mentality of scrap tungsten merchant is low.They keep observing the market.
Currently, the offers still keep stable. It is expected that scrap tungsten market will continue remaining stable for short term.
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China Intends to Take The Policy of Restoring Copper Tungsten And Rare Earth Resources
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- Category: Tungsten's News
- Published on Friday, 15 March 2013 16:00
- Hits: 2293
China is considering the storing policy on some parts of important resources, including copper, rare earth, tungsten, and the similar approach will also be considered to parts of rare metals. This is an important policy adjustment for resource management, and will be conducive to the stable of resource prices.The specific programs for restoring important resources are led by different departments.
These important resources and energy can be divided into two parts: one belongs to China's serious shortage, the need to import products such as oil, copper, cadmium, etc., And their prices are subject to international market. Another is the kind of rare earth, tungsten, molybdenum, antimony, tin. China has a large of these resources in reservations and production. At the same time,China can meet the needs of the international market for export products.
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China Will Carry Out the Policy of Copper, Tungsten and Rare Earth Purchasing and Storage
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- Category: Tungsten's News
- Published on Friday, 15 March 2013 16:06
- Written by Elva
- Hits: 2305
China is considering to implement the policy of part important resource products for purchasing and storage, including copper, rare earth, and tungsten. And the management approach of part rare metals will be similar to rare-earth’s. This is an important adjustments in resource product management policy and will be conducive to keep resource prices stable. Leaders of different departments will formulate the specific programs about product purchasing and storage.
Some of these important resources and energy products are divided into two parts: one belongs to Chinaese serious shortage and needs to import such as oil, copper, cadmium and so on , and their prices are subject to international market.So we can have purchasing and storage when the international market price is in downturn .Another one is that has huge reserves, abundant productions, and can export a large number of products to meet the needs of the international market, mainly rare earths, tungsten, molybdenum, antimony, tin and so on.
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Tungsten Carbide Mold Market has Broad Prospects
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- Category: Tungsten's News
- Published on Friday, 15 March 2013 12:09
- Written by Elva
- Hits: 2306
Tungsten carbide is the main raw material for the production of carbide, the full name is Wolfram Carbide, also named as tungsten carbide. It has metallic luster, hardness is similar to diamond and is good conductors of electricity and heat.The melting point of 2870℃, boiling point of 6000 ℃, the relative density is15.63(18℃). WC is not dissolved in water, hydrochloric acid ,sulfuric acid and other substances.
As tungsten carbide with these properties, use it to make the mold, anti-wear, anti-strike, corrosion resistance, and can extend the useful life of the mold, thereby to effectively save the costs of mold production and promote the improvement of economic benefits. This mold can also be used in a special processing and manufacturing. China is the manufacturing power in the world,the usage amount of mold is very large. The molds which are made of tungsten carbide have excellent quality and sure to be widely favored by these enterprises. Accordingly, the experts speculated that the tungsten carbide mold market prospects will be quite bright in the future.
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