Tungsten Market On Mar 18,2013

Core Tip: The end of market demand on tungsten products and deep processing is poor and businesses are in wait - and - see state currently.

Domestic tungsten market quotes keeps steady and tends to weak and there is alarge difference in prices of supply and demand in tungsten ore market. APT businesses are not confident and become cautious. The end of market demand on tungsten products and deep processing is poor and businesses are in wait - and - see state currently. It is expected that tungsten market  will mainly keep stable prices for short-term. In other words, fluctuation range of tungsten prices is narrow.

 

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Tungsten to be Mined in South Myanmar

Tin and tungsten will soon be excavated in Myeik through a collaboration of the Ministry of Mining and the Ngwe Kabar Myanmar Company. “The joint venture project was permitted on February 27 in accordance with the Myanmar Citizens Investment Law at the Investment Commission's 8/2013 meeting,” said a spokesperson from the commission.

The alloy ores will be excavated from an 812-acre site before being refined and produced into metals in Tanintharyi Region.“There is tin metal alongside a tungsten vein in Myeik. You can also find precious titanium there,” said Soe Thein, an experienced geologist.

The tungsten project will be of great help in helping the democratic process of  Myanmar, as it has just open its arm to the world not long before.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Struggling Tungsten Signals Poor Prognosis For EU Industry

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.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Scrap Tungsten Market On Mar 15,2013

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 Will Carry Out the Policy of Copper, Tungsten and Rare Earth Purchasing and Storage

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.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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China Intends to Take The Policy of Restoring Copper Tungsten And Rare Earth Resources

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.


 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten Carbide Mold Market has Broad Prospects

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.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Sodium Tungstate and Tungsten Carbide Powder Information On Mar 15,2013

Demand of sodium tungstate is weak, prices remain stable. Part of the tungsten carbide powder offers are still high. The downstream alloy enterprises sigh that the cost is too high. Expected that tungsten market maintain the stalemate of supply and demand and the price fluctuation will keep narrow for short-term.
 

You can visit the following links for more information about sodium tungstate prices and tungsten carbide powder prices. Thank you very much!

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten Ore Market Information On Mar 15,2013

Tungsten ore market is weak, the shipments will of some mining companies is strong while the actual transaction tungsten ore is still not good. It is expected that tungsten ore prices may keep stable and tungsten ore market may still maintain the stalemate of supply and demand. The fluctuation of tungsten ore prices  is narrow for short-term.

You can visit the following links for more information about tungsten ore prices. Thank  you very much!

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten Concentrate Prices Ease Slightly with Weak Demand

Owing to the weak demand of tungsten concentrate, the trading volume remained at low level in the recent days. Some tungsten concentrate suppliers decrease offers, and the APT prices ease slightly. Most of the downstream consumers are inactive in making deals, and will watch the market for a while.

You can visit the following links for more information about tungsten concentrate prices. Thank you very much!

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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