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.

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The tungsten mine prices rose and scrap  tungsten steel turnover a slight improvement in.

Recently,  tungsten mine prices trend up, holding goods mining companies hope up strong emotions, 65 degrees the wolframite market quotations to 120,000 yuan / ton, ammonium paratungstate prices slightly follow individual quote high, tungsten carbide powder market has been boosted as the raw material stronger.

Some manufacturers acceptance ex-factory price of 280 yuan / kg nearby, waste tungsten steel slight improvement in turnover , the latter part of the price increase may be larger. Market outlook, the tungsten prices is expected to maintain a slow upward trend.

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Recently an investment of 640 million yuan, Duchang Jinding Tungsten- Molybdenum Mining Co., Ltd. officially put into operation.

The project the amount of daily ore processing capacity of 4,500 tons, annual production capacity of 2650 tons of tungsten concentrate, molybdenum concentrate 900 tons.

According to the current market estimates, the annual sales income of 400 million yuan, and paid various taxes and fees more than 60 million yuan to solve the employment of nearly 400 people, and promote the development of local industry.

It is understood that the mine has proven the statement of tungsten and molybdenum ore reserves of 3924.4 tons, the amount of metal tungsten 354,900 tons, 15,400 tons of molybdenum, coupled with prospective reserves, mine life of 30 years.

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Large fiber steel crankshafts exported to Europe symbolizes a breakthrough in tungsten carbide cutter manufacture in China and China’s ability of introducing and digesting foreign technology reaching a new level.

The contract of three large fiber steel crankshafts MAN9L27/38 signed by CSR(China South Locomotive and Rolling Stock Corporation Limited) Ziyang Company and ThyssenKrupp(German) come into effect on July 18. This is the first order that China exports large crankshaft to Europe and the first step to European market, which marking a breakthrough in tungsten carbide cutter production in China.

Hazelwood Resources was one step closer to starting ferro-tungsten production at its ATC ferro-tungsten project, in Vietnam, after successfully installing the first fill of ferrot-ungsten metal into the plant’s furnace.
The ferro-tungsten metal would be retained in the furnace during operations to protect the furnace shell from extreme temperatures associated with the production of the alloy.

Hazelwood said this week that hot commissioning and first production was scheduled for the end of this month, and noted that all of the production workforce was currently on site, undergoing training and making preparations for production.

All of the feedstock required for a start-up of production had also been secured, and the final lots were being cleared through customs.

Stage 1 of the ATC plant had a nameplate capacity of 4 000 t/y of ferro-tungsten alloy, equivalent to 3 000 t/y of contained tungsten. A second stage, if completed, would have sufficient capacity to supply around 25% of the world’s ferro-tungsten.

The ATC ferro-tungsten project is the largest-capacity plant outside of China.

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Ferro-tungsten producer Hazelwood has started the hot commissioning of its ATC ferro-tungsten project, in Vietnam.

The company reported on Thursday that following construction of the project in 2011/12, its subsidiary Asia Tungsten Products finalised preparations for production by securing all the necessary raw materials and inventories over the past month, which resulted in the start of the hot commissioning phase.

First production of ferro-tungsten was now expected within the next seven days.

“This is more than conceptual in nature. Today we start as a new supplier of an important strategic metal,” said Hazelwood MD Terry Butler-Blaxell.“We can become the leading player in the speciality metals. I have nothing but praise for those involved in the development of this project, and for the positive environment for doing business in the Socialist Republic of Vietnam,” he added.

First sales revenue from the ATC plant was expected in April, and all ferro-tungsten produced would be distributed under a sales agency agreement.

Stage 1 of the ATC plant had a nameplate capacity of 4 000 t/y of ferro-tungsten alloy, equivalent to 3 000 t/y of contained tungsten. A second stage, if completed, would have sufficient capacity to supply around 25% of the world’s ferro-tungsten.

Hazelwood noted that the project was constructed under budget and represented a capital-efficient entry into speciality metal production with the opportunity to launch into other downstream processing ventures and potential future vertical integration with Hazelwood’s primary tungsten projects, in Western Australia.

Meanwhile, the company noted that restocking had started for the next phase of the production campaign, which would follow on from the successful completion of the first production trial.

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From late March, the tungsten concentrate prices moved up gradually because some companies purchased materials in relatively large quantities, and the tungsten concertrate 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.

 Tungsten concentrate market shows uptrend. The offers are increasing, but the transaction price moves up slowly. He said that the offers for wolframite 60% are at RMB120,000-122,000/t (USD295-300/mtu), and some offers are higher in the spot market.

The source added that the trading volume does not recover obviously, and many downstream customers still purchase from hand to mouth. It is expected that the tungsten prices will be firm and increase further as the suppliers do not eager to sell materials with the firm offers.

An end-user said that they purchased a batch of wolframite 55% at RMB118,000/t(USD290/mtu) late last month. The offers increase to around RMB118,500-119,000/t (USD292-293/mtu) this week, and some offers are higher in the spot market.

The source expressed that under the current tungsten concentrate prices, they have to make offers for APT at RMB181,000-182,000/t (USD327-329/mtu). However, the customers are cautious in making deals, and watch the market for a while. Looking ahead, he said that the tungsten concentrate market will go up slightly in the near future.

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European suppliers handling Central African origin tungsten concentrate explained that a slight drop in buying activity during the second half of last week had been expected due to the Qingming festival in China meaning many tungsten plants temporarily slowed activities.

However, sources stated that on the whole demand from buyers in Asia remains strong, and with domestic China tungsten concentrate figures holding firm in recent weeks, the tungsten concentrate 50%min WO₃ seen last week between USD250-260mtu CIF China are very appealing to buyers. 

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
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