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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This week the price of waste tungsten steel rose slightly. Recently, the price (no tax) of waste tungsten bit focused on 189 to 190 yuan/kg, domestic waste tungsten blades price is 169 to 170 yuan/kg, imported waste tungsten blades price is 179 to 180 yuan/kg, up 0.5 to 1 yuan than the lowest price last week, but the highest price doesnot rise. The purchasing price of grinding material W content in 30 to 40 degree is concentrated in 1.45 to 1.5 yuan/degree, 50-70 degree focused on 1.55 to 1.65 yuan/degree, over 70 degree concentrated in 1.65 to 1.71 yuan/degree, with flat last week.

At the beginning of Sep, the atmosphere of wait-and-see in the market is strong, in addition, the guided price of tungsten concentrate has not yet been published in September, businessmen lack of pricing power. Gradually waste tungsten steel market demand is acceptable and dealing price is gradually close to the highest price, and business mentality is relatively strong. Waste tungsten material price associated closely with tungsten concentrate, but in tungsten concentrate price is poor in recent days, therefore waste tungsten material price is hard to rise. It is expected that waste tungsten market next week will stabilize, but the actual demand hasnot yet been released.

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Overseas tungsten market has turned up this week. Up to 3rd, Sep,  MB tungsten iron in Rotterdam is quoted 40 to 41 dollar/kg, which rose by $0.3 overall from last week. European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which is flat with last week. European summer break is over, downstream demand overseas has gradually released, the mentality of businessmen has became better, and quotation starts to rise, trading atmosphere is gradually recovery, it is expected that overseas tungsten market will continue to slowly rise next week.

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Today, tungsten ore market sentiment continued strong, buyers cautious to buy, hold stocks are at a loss to sell tangled spot market turnover continued stalemate, the mainstream market quotations temporarily disadvantaged stability maintenance. However, due to the continuing weakness guided ITIA, the traditional peak season & ldquo; Kim Koo & rdquo; demand nor improved business confidence fell more, inquiry continue to be suppressed.

It is understood that 60 wolframite transaction price of about 101,000 yuan / ton, 60-degree scheelite concentrate price has been suppressed to below 100,000, approximately 99,000 this week, buyers and sellers are careful to operate, even with the intention of , now more than in the negotiation stage, thinly traded stock. Tungsten concentrate prices are still expected to post slipped risk, and if more no positive factor stimulation, hold stocks or exploratory shipments will increase.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Since September Scheelite guide price have come down, the business of "Golden September" Expect nothing, overall confidence in the city along with the weakening of tungsten. Tungsten scrap merchants have no plan to cut prices, offer remained stable, but demand is low, poor turnover, steady potential fear not for long. Expected short-term or temporary stability scrap tungsten market, investors may no shortage of fall, the proposed goods and more businesses may be appropriate low shot.

Tungsten scrap prices remain stable. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 169-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 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 10th 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.


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