China Ammonium Paratungstate( APT) market keeps stable for the moment, and most of the market participants watch the market for a while with firm offers. The Ammonium Paratungstate(APT) prices kept increasing last week, and many suppliers are unwilling to sell materials in a hurry.

Now the offers are chaotic in the spot market, and most of the deals depend on long-term orders. 

China  tungsten concentrate prices are stable now. The tungsten concentrate prices increased sharply last week, and most of the market participants watch the market for a while, and do not eager to make deals in the spot market. 

China tungsten concentrate prices move up gradually this week, and the suppliers are inactive in selling materials now. However, the demand from the terminal products does not recover completely, and many tungsten market participants hold wait and see attitudes towards the future tungsten concentrate market.

Tungsten concentrate market moved up in the recent two weeks. The offers for wolframite 55% are at RMB121,000-122,000/t (USD298-300/mtu) this week, and some offers are higher in the spot market. However, with the increasing prices, some suppliers are cautious in making deals.

As some companies purchased materials from late last month, the tungsten concentrate prices increased gradually. Moreover, some tungsten concentrate factories mainly deal with the long-term orders, and have few spot stocks in hand. Looking ahead, he expressed that the tungsten market will go up further in a short time.

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European traders handling tungsten concentrate 50%min tungsten trioxide that offering prices have held firm between USD255-265mtu CIF China this week.

The strong pricing trend is a result of stable demand from Chinese buyers who saw guideline prices of domestically produced tungsten concentrate increase marginally in April.

One European based trader of tungsten products revealed  that his sales volume of Rwandan and Burundi origin tungsten concentrate 55%min tungsten trioxide has held at a consistent level for the past two months despite China.

Avrupa Minerals makes a report on Covas Tungsten Project, NW Portugal .

Highlights of the recent drilling program included previously-reported intercepts of high grade tungsten mineralization, particularly 2.11% tungsten trioxide over 7.98 meters starting at a depth of 44.57 meters in Hole CO 7/12 at the Telheira target and 1.56%  tungsten trioxide over 11.40 meters starting at a depth of 52.70 meters in Hole CO 13/12 at the Lapa Grande target. Other results from the drilling confirmed extensions of tungsten mineralization in the skarn zones at Covas (see news releases dated November 26, 2012 and March 1, 2013 for further details). Only results from the final two holes at the Lapa Grande target have not been previously reported.

Hole CO 20/13 tested an area to the east of the known mineralized zone and returned weak tungsten grades, but with anomalous gold and silver mineralization averaging 0.31 g/t Au and 4.4 g/t Ag over 5 meters, starting at a depth of 53.70 meters. The anomalous precious metal mineralization may be part of an intrusion-related gold target associated with a NW-trending fault zone passing close to the Lapa Grande prospect. Hole CO 21/13 tested an extension to the west of the known Lapa Grande mineralization and intercepted 4.02 meters of skarn rocks starting at 62.63 meters and averaging 0.142%  tungsten trioxide (see news release dated March 1, 2013 for drill hole locations). The drill holes are all vertical, and intercepts are considered to represent close to true thickness of the mostly flat-lying mineralized zones.

Paul W. Kuhn, President and CEO of Avrupa Minerals commented, "The work, to date, indicates positive potential for the Covas prospect. We will continue our targeting work this spring, with the objective of increasing the size of the known skarn-related tungsten deposits, and with developing a larger tungsten-gold target in the Covas Dome area. We expect to advance the next exploration phase with a drilling program designed to fulfill both objectives during 2013."

Avrupa Minerals Ltd.  is pleased to report on further progress at the Covas Tungsten Joint Venture exploration program in NW Portugal. The tungsten project is operated by Avrupa, and funded by Blackheath Resources Inc. ("Blackheath"), under a previously-announced earn-in agreement (see AVU news release, dated May 18, 2011).

Phase 1 of the exploration program at Covas is now complete, with all outstanding results in hand. The program successfully confirmed and tested known skarn-related mineral occurrences and extensions, as well as new targets. Work in Phase 1 included re-interpretation of historic magnetic data, completion of a gravity survey in the Covas Dome area, as well as geological mapping, rock sampling, and a total of 1,606 meters of core drilling in 15 completed drill holes in five separate target areas. Review of all data and results is underway in preparation for the next phase of work, which will commence later this April and will include further core drilling later this year.

Traders in the European ferro-tungsten market have reported a slower start to activities this week compared with the frantic movements seen in the early days of April. Sources have speculated over ferro-tungsten prices climbing above USD43.00kg W in warehouse Rotterdam last week, however, on Monday, inter-trade prices appeared marginally softer between USD41.50-42.00kg W in warehouse Rotterdam.

A large Central European trader of ferro-tungsten revealed that the wave of consumer enquiries that forced numbers of the noble alloy to increase almost USD4.00kg W in around two weeks at the end of March, 

From late March, the tungsten concentrate prices moved up gradually because some companies purchased materials in relatively large quantities, and the tungsten concentrate market showed the uptrend. Many tungsten concentrate suppliers hold offers firm and even increase slightly, but the trading volume does not improve obviously with the soft demand.

There is China Tungsten & Cemented Carbide conference to be held in Chengdu, China in two days from May 26 to 28 in 2013.

Conference Background:

In recent years, the falling prices of annual tungsten products and the drop in product sales have exerted greatly ill impact on the profitability and the development of scale for the entire tungsten industry. To make matters worse, most tungsten processing enterprises and tungsten trade enterprises can’t make practical measures to avoid risks as a result of less emphasis and insufficient research on price fluctuations. In addition, the high prices of tungsten mine have taken up more and more funds from enterprise funds. It not only lowers the using efficiency of enterprise funds, but also increases the risks of enterprise management to severely impact the earning ability and do harm to the healthy development of tungsten enterprises and industries. Therefore, it is very necessary to conduct a detail analysis on and follow the tracks of prices of tungsten raw material.

With the shrinking demand for tungsten carbide, steel and other tungsten products, prices of tungsten raw material have been compressed. On one hand, prices of tungsten mine still stay relatively high. On the other hand, the earning ability of APT, tungsten powder, tungsten carbide powder, tungsten bar and other tungsten carbide products went down so that the business environment is deteriorating. Hence enterprises and industries cannot emphasize too much the importance of looking for a relatively both positive and stable way to guide the future development.

In accordance of the above mentioned, Ruidow will invite people from all walks of life to Chengdu on May 26-28 to attend the conference for the purpose of exploring key issues and subsequent development of the current industry.

 Topics of the conference as follows:

1. National policy and the future development prospect of Tungsten
2. The possible models to decide prices of tungsten mine
3. How should tungsten processing enterprises deal with the huge fluctuations of raw material
4. Exploring the management of scale of tungsten enterprises
5. Analysis on the future stable growth points in tungsten carbide market
6. Statues analysis and outlook about domestic tungsten carbide
7. Management of tungsten carbide enterprises under new situation
8. Talking about current chances for Tungsten enterprises from the export market of tungsten
9. The trend of tungsten carbide markets what foreign countries demand for
10. Enjoying experience of selling tungsten carbide products
11. Analysis on the motion of price change

Comment:

Specific topics of the conference are subject to final confirmation

 

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The tungsten mine market transactions have slight improvement and keeps stable tend to inflation in short-term.

The tungsten concentrate guidance prices of Ganzhou Tungsten Association and the China Minmetals Non-ferrous Aprilwere were flat. Tungsten mine prices have slight improvement in market transactions and it will keep stable and tend to inflation in short-term.

The ammonium paratungstate business confidence reply bullish market outlook, the price adjustment will be more strongly; tungsten powder market exercise alone alsoincrease in tungsten carbide generally offer 275 yuan / kg nearby; scrap tungsten steel prices remain strong.

Expected that tungsten prices in mainstream will keep steady in short-term and individual will be higher.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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