Tungsten market: tungsten market remains in the doldrums, tungsten concentrate almost no price city, little turnover. Spot unsalable serious, most manufacturers to secure capital goods, working pressure, mutual seesaw, light turnover. Waste tungsten market is wait-and-see, overall trading atmosphere deserted, shippers attitude is poor, the current low-cost resources still more, but most offer still stronger. Tungsten businesses currently operating enthusiasm is low, a temporary market.

Tungsten market remains in the doldrums, tungsten concentrate almost no price city, little turnover. Shippers cannot continue to firm offer, the recent market prices are slightly loose, the current price of tungsten concentrate and prices are at a low ebb. Market inquiry positive but the price is low, shippers are low price sell, trade between the two sides will present price difference of about 2000 yuan / ton, mutual seesaw, light turnover.

It is understood now market Scheelite Concentrate supply of goods more, not including tax price fell more obvious, wolframite and Scheelite Concentrate price difference big. This week is expected to price of the tungsten or mainstream stabilised, wolframite concentrate price and transaction or relatively strong, white tungsten concentrate prices or more approximation interval low, to 100000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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China-Kinwa ongoing with self-raised funds of 950 million yuan directly acquired 100% Dechang Thick Rare Earth is still in progress. The bid has been ongoing since 2013.

If the bid is completed, China-Kinwa is expected to complete the important step on the new energy industry chain.

After the release of public information, the acquiree guarantee Xichang under Dechang thick earth can have mine holds the reserves of not less than 600000 tons of rare earth metals, mine in 2013 approved by the state mining amount not less than 10000 tons.

At present, the company asset acquisition related assessment and audit work continues, and the latest progress of geological report matters related preparation work has finished. At the same time, the geological material has been sent to the Audit Center Department of land and resources of Sichuan and has been accepted. The review work is being carried out, through the review, the review center can be sent to land evaluation opinions Department of Sichuan province mineral resources reserves are reserves for work. Audit approach to carry out the work and obtain most of the materials added missing data; evaluation of auxiliary work has been completed, then the report issued by the assessment report after the completion of the record of geological reserves. Flotation production line construction work has been completed, the ongoing flotation production test of the production line.

Analysis of a long-term interest in China­­­-kinwa said that, China-kinwa had promising prospects about rare earth resources of its development prospects of, what’s more, rare earth resources are a very important part of the new energy industry chain  of the company in recent years. And rare earth resources are scarce, the company will not give up easily, acquisition and integration of industrial chain to be in China-kinwa is most urgent desire to complete as soon as possible. With the national policy on rare earth frequent positive, if the acquisition is completed, China-kinwa will have a significant impact on the business performance.

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The overall market is still vulnerable to tungsten, tungsten scrap market turnover is also very weak, poor business mentality, a strong wait-and-see mood, currently on the market price of resources is still more. Although “ the golden nine silvers ten ” coming, but short-term demand is difficult to improve, is expected in late August or market will continue to be weak, suggest goods merchants moderate price go goods, need the amount of goods at the end of the month.

Tungsten scrap prices continue to maintain stability. 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 178-180 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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Tungsten market: at present the whole industry is still in the off-season, the market operation of low enthusiasm, tungsten concentrate prices continued low, the market price to the interval low slightly loose, merchant capital is to set of dead air. For the manufacturers to maintain started only a digit, the buyer needs not urgent and continuing crackdown on inquiry, the seller will lose money goods low, both sides continued stalemate, short-term ore price or shock downlink, waste tungsten market turnover is also very weak, poor business mentality, a strong wait-and-see mood, the tungsten market stability is weaker, transactions only, is expected in August mainly mid or stabilization.

Tungsten prices continue to wander in trough, the market price to the interval low slightly loose, merchant capital is to set of dead air. The flow of funds is nervous and depressed demand constraints, which leads to few transaction of tungsten. The buyer's demand is not urgent and continuing crackdown on inquiry, the seller will lose money goods low, both sides continued stalemate, which is expected short-term ore price or shock downlink.

It is understood that the above 60 degree black tungsten concentrate prices in the mainstream 102 000-103 000 yuan / ton, above 60 degrees the white tungsten concentrate prices at 100 000 yuan / ton near the mainstream.

Because the tungsten metal itself value of fair, and tungsten business generally patience is sufficient, is expected to handle the loss in August businesses, merchant are holding more goods on arrival “golden nine silver ten”. The overall volume is difficult to increase.

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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.


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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