Tungsten market continues weak maintenance of stability, market participants are still waiting to see mostly weak spot trading raw tungsten concentrate, price continues Yindie market quotations are gradually moving closer to the mainstream range low. APT and other ore smelter home prices continued slipped due and careful to buy, hold stocks because the market outlook still have certain expectations and willingness to lose money selling small, thinly traded stock market as a whole.

It is understood that last week's turnover is rare, sold 60-grade wolframite concentrate around in cash 101,000 yuan / ton, 60-grade scheelite concentrate price in cash 99,000 yuan / ton. This morning, did not learn about the latest temporary contract situation, but businesses still look weak market outlook is expected to post cash or re-price dropping slightly.


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Tungsten scrap prices steady weakening, Jiangsu and Zhejiang provinces currently offer some businesses there has been lowered in the range of 1 yuan / kg or so, basically no high turnover, low trading volume not more, business sentiment has weakened. Hebei area businesses offer mainstream still steady, prices willingness to temporarily strong, but given the prices of raw materials such as tungsten concentrate hard to improve short-term, the market outlook is expected to waste no shortage of tungsten may fall.

Waste tungsten drill bit does not currently offer tax mainstream is still concentrated in 189-190 yuan / kg, domestic waste tungsten blade 169-170 yuan / kg, imported waste and scrap tungsten blade drawing die 179-180 yuan / kg. Grinding material purchase price 30-40 degrees W content focused on the 1.45-1.5 yuan / kWh, 50-70 degrees concentrated in the 1.55-1.65 yuan / kWh, more than 70 degrees concentrated in the 1.65-1.71 yuan / kWh.

Overseas tungsten City continued maintenance of stability. On the 12th evening MB Rotterdam ferrotungsten offer 40-41 USD / kg tungsten, ammonium paratungstate European offer of $ 350-360 / t degrees, the Hong Kong offer $ 358-370 / t degrees, are steady. European summer break ended, overseas downstream demand to be released, the market sentiment gradually improved, trading atmosphere gradually recover, expected short-term overseas tungsten Costco will remain stable trend.


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The price of tungsten powder fell a little this week. The actual price of tungsten powder still mainly concentrates in the 254 to 255 yuan/kg, tungsten carbide is 252 to 253 yuan/kg, which fell by 1 to 2 yuan than last week. There is no obvious change in the market price this week, but downstream demand is weak, businessmen have a  pessimistic attitude to the market, and the actual price has basic concentration to low price.

The price of tungsten steel still concentrated in the vicinity of 270 yuan/kg, high purity tungsten bars price is 285 yuan/kg, tungsten electrode polished rod price is 405 yuan/kg, black tungsten rod price is 340 to 360 yuan/kg, which continue to be flat than last week. Although tungsten powder price has fell a little, tungsten products businessmen are reluctant to change price, the quotation still continues to stability, the downstream is still on-demand procurement. It is reported that tungsten product price will continue to be weak next week.

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The operation pressure of APT downstream manufacturers such as smelting factory has increased, profit margins are compressed again, and money pressure increases with low production enthusiasm. It is reported that now the market price of APT is mainly concentrated in  160000 yuan/ton, acceptance price is 162000 yuan/ton, a cash dealing  price is 160000 yuan/ton, the actual cash transaction price appears a low price of 159000 yuan/ton.

The dealing of sodium tungstate continues to be few, 96% of sodium tungstate's quotation is mainly in 124000 to 127000 yuan/ton, manufacturers continue to reduce their rate of operation, and are willing to sell, but products are in excess of demand and difficult to sell for a better price. The actual cash dealing price is close to 120000 yuan/ton.

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With the continuous weakness of guided price, tungsten iron manufacturers' offer continue to be strong, the reason is mainly that there is a difficulty in collecting money in the market, and the purchasing price of raw material is hard to drop, and environmental pressure has increased. Enquiries in downstream market are being negative, the dealing volume in market is weak, the actual transaction prices still fell slightly compared to last week, especially the dealing in low part has increased slightly.

It is reported that the quotation (including tax）for 70 tungsten iron is on 171000 to 175000 yuan/ton, there is a higher price of 176000 yuan/ton, but the actual dealing price is in 170000 to 172000 yuan/ton.

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The guided price from Minmetals and tungsten association is different in September, From tungsten association,the price of  black tungsten concentrate is down to 105000 yuan/ton, but from minmetals it is still 110000 yuan/ton, both prices are higher than the actual market price, which there is little impact on the spot market impact in short term. However, it is no doubt that the weakening guided price has reduced businessmen's confidence again.

Tungsten market: tungsten market continues to wait and see, procurement of raw materials downstream smelters home care, Scheelite inquiry slipped slightly, lack of business confidence, the late ore prices have fallen below 100,000 in danger. Inquiry ferrotungsten increase, but the actual trading volume was not significant breakthrough, most homes are still in the smelter shutdown / production running. Tungsten strong market sentiment, higher shipments will begin low-cost businesses take the goods, leading to continuous price decline, the downstream demand is still sourcing, trading atmosphere deserted.

Tungsten Market demand continues to slump, tungsten businesses operating dilemma, the sale are cautious, raw relatively low turnover increased slightly last week, APT and other smelter home run downstream pressures, profit margins are compressed again, funding pressures increase, production enthusiasm is low. It is understood that now concentrated in the mainstream APT market price 160,000 yuan / ton, the acceptance offer 162,000 yuan / ton, the cash turnover of 160,000 yuan / ton, the actual cash transaction occurs 159,000 yuan / ton low.

Sodium tungstate market turnover continued scarce, 96% sodium tungstate mainstream market quotations 12.4-12.7 yuan / ton, manufacturers continued to run low operating rate, will ship high, but the product unmarketable difficult to sell on price, the actual cash price gradually approaching 120,000 yuan / ton.


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Guided down resulting in difficult to boost business confidence, weaker overall market run. Tungsten strong market sentiment, higher shipments will begin low-cost businesses take the goods, leading to continuous price decline, the downstream demand is still sourcing, trading atmosphere deserted. Tungsten products is expected to short-term market will remain difficult to improve.

Tungsten powder and tungsten carbide market weaker. At present, the main focus in the actual transaction between 252-254 yuan / kg, although merchants offer no significant change from the previous month, but the price has been mostly concentrated in low price. Tungsten steel offer is still concentrated in the 270 yuan / kg nearby, high-purity tungsten 285 yuan / kg, tungsten electrode grinding rod 405 yuan / kg.


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According to China Tungsten Industry Report, 2014-2017, China is the world's largest tungsten ore resources owner and producer. In 2013, China's tungsten ore reserves hit 1.9 million tons, accounting for 54.3% of the world; its tungsten concentrate (WO365%) output was 138,000 tons, equivalent to 84.5% of the global output.

China's tungsten ore resources concentrate in Jiangxi, Hunan, Henan, Fujian, Guangxi, Gansu and other regions. In 2013, Jiangxi and Hunan shared 66% of the total reserves together.

The demand of cemented carbide for tungsten occupies 72% in the European market, 66% in the Japanese market and 54% in the Chinese market.

Resource control
As China controls the total tungsten resources, manages export quota, purchases and stores tungsten resources, as well as implements other tightening policies, the future tungsten ore supply in China, even in the world, will be tight, and the tungsten output growth will slow down, the report suggests.


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