Jiangxi Dajishan tungsten industry co., LTD., has formally started the new shaft engineering ,which is the model of tantalum niobium tungsten ore body exploitation and utilization of key construction projects.

The depth of the shaft about is 350 meters, wellbore diameter of 5.5 meters for the shaft. Started in February this year, the project has been finished grading, derrick installation, lifting equipment, such as preparation, formal into the wellbore dig build by laying bricks or stones construction, is scheduled for completion in August next year. When shaft completed, will use the ground multi rope winding way, earnestly shoulder the task of ore and the improvement of personnel, is expected to increase ore is up to 1000 tons.

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Heyuan Fumarate has revealed half annual report in 2014. During the reporting period, the company implemented revenue of 74.62 million yuan, up 5.72% from a year earlier. Implement attributable to shareholders of listed company net profit of 6.146 million yuan, up 6.67%; The same period last year, basic earnings per share 0.15 yuan, 0.14 yuan. As of June 3, 2014, the company's total assets are 167.5678 million yuan, with a net worth of $112.2057 million.

The company said that in recent years, the domestic cemented carbide production manufacturer is gradually increasing, most of them making low-end products, excess production capacity, small scale of enterprises, competitive market structure. For this purpose, the company will continue to adhere to the management strategy of differentiation, high-end, highlight enterprise in high-grade, ultra-small ultra-thin and special non-standard products comparative advantage, and on the basis of strengthening internal management and cost savings, closely track industry development trend and frontier technology innovation, constantly adjust product structure, research and development of new products, improve market competitiveness.

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Tungsten market: Tungsten inquiry continues to be suppressed, the inquiry is more and more approaching the 100000 mark, but shippers to observe patience, cover goods not, market transactions stalemate, extremely light, estimated risk by weak demand, recently ore prices are still slightly lowered. Low operating rate of the smelting ferrotungsten manufacturers, the market low yield. It is understood the large-scale smelting ferrotungsten manufacturers all suspend production for rectification, powder market weak, the prices of manufactured goods have to lower. Expected short-term tungsten market operation of temporary stability.

The weakening of tungsten products prices stable. At present, tungsten powder and tungsten carbide market the actual transaction price of mainstream concentrated in between 253-255 yuan /kg, the business mentality is different, some still offer up to 258 yuan /kg, but in low resource drag, high turnover impeded, businesses have adopted a wait-and-see attitude.

The prices of manufactured goods fell again. Steelmaking with the price dropped to 270 yuan /kg, high pure tungsten rod is 285 yuan /kg, fell 5-10 yuan. Tungsten electrode polished rod price has remained around 405 yuan /kg, black tungsten rod closing price of 360 yuan /kg. Powder market weak, the prices of manufactured goods have to lower. Expected short-term tungsten products prices or operation of temporary stability.


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Low operating rate of the smelting ferrotungsten manufacturers, the market low yield. It is understood the large-scale smelting ferrotungsten manufacturers all suspend production for rectification, at present domestic still continue to produce less than 10 manufacturers home and cut production operation, such as a furnace and so on, the overall market low yield.

Despite the recent market for low yield, supply reduction, but this week for prices fell slightly. Downlink factors are: one is for the market demand remains in the doldrums, the market turnover less, more long-term orders cooperation; two is the stock market still call adequate, some traders who have a certain stock, weak demand, inventory consumption weakness; three is the raw material of the inquiry is not broken down, tungsten concentrate the purchase price fell. For the cost of production down.


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Tungsten market: tungsten, continued weakness in demand, sodium tungstate, ferrotungsten manufacturers still cut production, mostly, and recently resumed production is unlikely, business to the late August tungsten overall not optimistic, think that there is still risk down slightly. Waste tungsten market strong wait-and-see atmosphere, trading atmosphere deserted, the business mentality is poor, low-cost resources still more. Although “ the golden nine silvers ten ” coming, expected short-term waste tungsten market or remain vulnerable to run.

Tungsten terminal demand remains in the doldrums, the merchant does not hope for the late August tungsten, is generally believed that later will continue downward. Although some have a certain scale of APT smelting companies have increased enquiries tungsten concentrate, but are extremely low price, inquiry is now approaching the 100000 mark, shippers this willingness to sell low price. Because the goods dealer inventory cost is too high, the price to sell too many losses, shippers much wait for “ Kim Gu ” come, operating low enthusiasm.

According to the current understanding, 55 degrees in tungsten concentrate inquiry in 100000 yuan / near 65 degrees in tungsten concentrate inquiry in 102000 yuan / ton around, are difficult to purchase goods.


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At present, the overall market stability of tungsten in slightly weaker, waste tungsten market strong wait-and-see atmosphere, trading atmosphere deserted, the business mentality is poor, low-cost resources still more. Although “ the golden nine silvers ten ” is imminent, but the downstream demand is still weak, is expected in August or shortly after the continuation of vulnerable to run, suggest goods business amount of goods, need the amount of goods at the end of the month. Expected short-term waste tungsten market or remain vulnerable to run.

Waste tungsten prices temporarily stabilized wait-and-see. At present, the waste tungsten bit is not including tax price concentrated in the mainstream 188-189 yuan /kg, domestic waste tungsten blade 168-170 yuan /kg, imports of scrap tungsten blade 178-180 yuan /kg, scrap wire drawing die 1780-180 yuan /kg. Waste tungsten grinding material 30-40 traders purchase price concentrated in the 1.45-1.5 yuan / degrees, 50-70 degrees concentrated in the 1.55-1.7 yuan / degrees, 70 degrees or more concentrated in the 1.7-1.75 yuan / degree.


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Flush Finance has announced hat since late May, the domestic tungsten situation and the stungsten ore price are rising steadily. 65% wolframite and scheelite both rise 1000-1500 yuan / ton at a rate of 1% -1.5%. Currently, the tungsten mining enterprises and traders gradually have a tendency of selling shill phenomenon, which brings difficulties to market procurement difficulties increased.

After a sharp decline since the beginning of April, tungsten ore price already fell to near cost. Due to traders who hold high priced goods and mining enterprises sell to supply tightly, and market holds a stable price.

The tungsten enterprises believe that the June tungsten concentrate price guide published from Ganzhou tungsten Co, Minmetals ended 4 months down for the first time to stabilize. At the same time, the output of tungsten products rise gradually in the first three quarters, and profitability is expected to increase. In a-share companies, Xiamen Tungsten is the largest producer of tungsten and molybdenum products, not only strengthen the main industry simultaneously, but make a prospect of rare earths and lithium materials. Chapter Tungsten is accelerating expansion of the field to the downstream end, setting by the project will help the company raise investment to improve the industrial chain upgrading. The company stock price is lower than the reserve price by about3%.

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Tungsten market: tungsten ore traders hand inventory is still more, but businesses optimistic about September, sell mentality is strong, although ammonium paratungstate smelting companies have started to purchase materials, preparing for later production, but the turnover continued stalemate, waste tungsten market strong wait-and-see atmosphere, trading atmosphere deserted, the business mentality is poor, low-cost resources still more. Although the golden nine silvers ten coming, but the downstream demand is still weak, is expected in August trading volume and price or difficult to break.