Tungsten concentrate price confusion in the market, spot market transactions scarce

Tungsten concentrate cargo operators operating difficulties due to tight liquidity, low supply is difficult to purchase low price, support ore price, tungsten ore transaction has been fully below 90,000 yuan / ton, post or dropped 85,000 yuan / ton. Due to little demand, the buyer is more dominant, the actual price of a small amount of the transaction closer to 1.16 yuan / kWh. It is understood that this week, dozens of tons of tungsten concentrate Hunan is the deal with this price.

Guide price continued to decline in November, the market demand has not yet improved business confidence this month tungsten quite inadequate, exercise caution, the market price is extremely confusing, buyers and sellers offer big difference. On the one hand, the downstream APT tungsten concentrates and other smelter home continue down the inquiry, 60 degrees wolframite not tax inquiry focused on the 1.16 yuan / kWh, spot market transactions scarce; on the other hand, tungsten concentrate suppliers offer relatively firm, 65 degrees wolframite 96,000 yuan / ton, excluding tax 1.25 yuan / kWh.


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Machinery Industry Should Promote Tungsten Carbide Indexable Insert Applications

Tungsten carbide indexable insert, with great advantages, deserves wider applications in machinery industry. Enterprises using various kinds of metal cutting machine tools should realize its superiority and increase its application. Engineering technicians engaged in cutting tool technology service should bring into play their exemplary role to the whole factories and help each machine tool operator to know better about it. When an enterprise decides to apply indexable inserts, distribution and reward and punishment system need to be implemented within the enterprises combining the actual conditions of the enterprise. High reward can be given to those operators achieving great progress in using indexable inserts while appropriate punishment be given to those unwilling to make a change. Only by this way, a good atmosphere of using indexable inserts can be formed within the enterprise, which then will contribute to the development of tungsten carbide indexable inserts in China.

Tungsten Carbide Indexable Insert


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Government Should Promote Tungsten Carbide Indexable Insert Application

The solution to insufficient application of tungsten carbide indexable inserts in China lies partially in the Government’s help in working out favorable policies and regulations for it. Government can allocate a part of scientific research funds to institutes undertaking research and development work towards tungsten carbide indexable inserts, to enable them to take full advantages of rich mineral resources in China and develop and manufacture more new type indexable inserts.

In addition, financial support should be given to tungsten carbide indexable insert manufacturers, which helps them introduce advanced technologies abroad and thus produce tungsten carbide indexable inserts with higher quality.

What is more, relevant decision-making departments of Government can learn from the experience abroad of indexable insert promotion. Appropriate laws, regulations can be formulated to compel machinery industry to apply tungsten carbide indexable inserts and award those enterprises with good promotion effect.


Tungsten Carbide Indexable Insert


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Difficulties in Tungsten Carbide Indexable Inserts Development in China

Difficulties in the development of tungsten carbide indexable inserts in China currently include:

I.    In recent years, China has implemented policies of macro-control and curtailment of bank facility. As a result, many mechanical machining enterprises, with low economic profits, can not afford buying new equipment or conducing technical reform.
II.    A large number of cutting tool manufacturers abroad set up factories and sales agents in China, resulting in increasingly fierce competition in China’s cutting tool market.
III.    Poor scientific and research capability of tungsten carbide indexable inserts in China. Due to the impact of market economy, many cutting cool research and manufacturing institutes are unwilling to spend a lot of money to do research work or can not afford it.
IV.    The academic exchange in tungsten carbide indexable inserts should be reinforced.
V.    The cutting tool manufacturers in China stick to conventional management thought and thus fail to provide considerable service to their customers, while most enterprises abroad succeed in doing so. That is part of the reasons why they have occupied most of our market share of cutting tools

Tungsten Carbide Indexable Inserts


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Tungsten Market demand continues to slump, the smelter started shrinking home

Tungsten market: Tungsten demand continues to slump, tungsten smelter family situation started to shrink further, and then two days very price conscious of manufacturers, scrap tungsten prices fell sharply last week after week, becoming smooth, very price will drill businesses enhanced significantly reduced Paohuo phenomenon. Weak overseas demand for ferro-tungsten market, prices firm fatigue, manufacturers were forced to gradually cut the factory price, expected in mid-November tungsten prices or short-term maintenance of stability within vulnerable.

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Overseas tungsten City still ups and downs differences, domestic scrap tungsten transient stability

Tungsten scrap prices fell sharply last week after week, becoming smooth, drill businesses very price will increase, significantly reducing Paohuo phenomenon. But the current business sentiment remains pessimistic side, the downstream demand procurement, lower overall volume. Tungsten scrap more than expected short-term price trend will remain stable.

Waste tungsten market mainstream steady. Currently scrap tungsten drill mainstream transaction price excluding tax concentrated in the 162-165 yuan / kg, a small amount of the transaction price 167 yuan / kg. Imported scrap tungsten blades and drawing dies 157-161 yuan / kg, up to 155 yuan cheap. Domestic scrap tungsten blade 150-153 yuan / kg. 70 degrees above the grinding tungsten scrap material 1.5-1.55 yuan / kWh, 50-70 degrees 1.45-1.5 yuan / kWh, 30-40 degrees 1.3-1.35 yuan / kWh, transient stability.

Overseas tungsten City still ups and downs differences. On the 12th evening MB ferrotungsten Rotterdam quotations 368-37 USD / kg tungsten, down $ 0.1-0.5; paratungstate Europe offer $ 325-345 / ton degrees, transient stability; Hong Kong offer 340-360 US dollars / metric ton, low on the probe again $ 1. Expected short-term overseas tungsten City or continue to narrow adjustment.


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Ferrotungsten weak market demand, prices firm weakness

Weak overseas demand for ferro-tungsten market, prices firm fatigue, manufacturers were forced to gradually cut the factory price. Recent ferrotungsten market situation started to shrink further, to maintain the number of manufacturers producing no more than five. It is understood that Dan Cheng Xin shutdown, sales of inventory, Hunan, a large continue normal start, acceptance offer 165,000.

Tungsten iron smelter home orders this month little difficult to take the goods turnover Yindie 70 base tungsten iron factory acceptance offer concentrated in 16.4-16.7 yuan / ton, cash traded as low as 16-16.2 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Reasons for Tungsten Carbide Indexable Insert Low applications in China

Tungsten carbide indexable insert, though with many advantages, gains insufficient promotion and applications in China. The reasons for that mainly include:
 
I. Then quality of tungsten carbide indexable inserts in China currently is still waiting to be improved. It may causes that operators during machining need to shift or replace blades frequently and thus reduce the productivity.
II. The varieties and specifications of tungsten carbide indexable inserts in China are still far not enough and also their structures are needed to be improved.
III. When using tungsten carbide indexable inserts, operators may need to unload workpieces frequently in the same period of time and thus their labor intensity will be increased. In addition, the allocation and reward mechanism in many enterprises is inadequate and that, to some extent, can dampen operators’ enthusiasm in using indexable inserts.
IV. Some enterprises and operators are unwilling to be open to new things like indexable inserts.
V. In recent years, many enterprises in the machinery industry in China have poor economic performance, and thus can not afford purchasing tungsten carbide indexable inserts.
 
The comprehensive influence of the above mentioned reasons on tungsten carbide indexable inserts results in its insufficient promotion and applications in China.
 
Tungsten Carbide Indexable Insert
 
 
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Carbide Indexable Insert Refining Needs Reinforcement by Manufacturers

Currently, a great number of Chinese manufacturers of tungsten carbide indexable inserts do not conduct pre-sales refining of their products, and therefore users after purchasing their products will have to employ special personnel and special equipment to do regrinding work. Because of this, users have to invest a lot of money to buy special blade grinding equipment, toolbars for indexable inserts. In addition, the cost of tungsten carbide indexable insert is about 2-3 higher than that of the welded cutting tools with the same specification. Therefore, using indexable inserts will increase the production cost of users in the initial stage. However, the corporate leader term is normally 4-5 years, so before the indexable insert can give full play to its advantages, the leading term of those enterprise leaders will be expired. They not only do not benefit from those indexable inserts, but also have to take the risks of increasing production cost and enterprise burden. That is why many enterprise leaders are unwilling to promote and apply tungsten carbide indexable inserts during his or her tenure of office. Therefore, if tungsten carbide indexable insert manufacturers can reinforce their pre-sales refining of their products, they can finally achieve long-term profits.

Tungsten Carbide Indexable Insert
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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Tungsten Carbide Indexable Insert Application Status in China

Tungsten carbide indexable insert has been put into research since the 1950s in China, and until the 1960s, it then be put into used by only a few factories. After almost 20 years of development, it achieves relatively wide applications in the machinery industry around the country, but generally speaking, the application status is still not optimistic. There are about 3.6 million machine tools in China currently, with only about 5% actually using or partially using tungsten carbide indexable inserts.
 
In Henan province, there are over 460 Machinery and Electronics Hall owned enterprises, but only with less than 8% ones using tungsten carbide indexable inserts. Many enterprises using indexable inserts at the beginning tend to reuse welded cutting tools in the end. On a national scale, the promotion and application status is almost the same with that in Henan province.
 
Generally speaking, tungsten carbide indexable insert, though with increasing applications in China, is still less used by cutter users compared with other kinds of cutting tools. Due to its various kinds of advantages, it should be further promoted and applied.
 
Tungsten Carbide Indexable Insert
 
 
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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