Downstream alloy powder manufacturers and manufacturers do not have much need for APT procurement, along with tungsten market gradually into the traditional off-season in July and August, businesses operating enthusiasm low, bearish market sentiment strong. It is understood, APT cash price concentrated in the 11.1-11.3 yuan / ton, offer a low cost of support continues to plumb blocked, but the market is to reduce the high offer, the current redemption price foreign manufacturers focused on the 11.4-11.5 yuan / ton, has no 11.6-11.7 yuan / ton in the offer. Expected, APT market price has dropped nearly at the bottom, the latter continued to decline limited space, material July APT prices mainstream or concentrated in 11-11.4 yuan / ton.

Sodium tungstate low market demand, smelters family has been by a single production, strict inventory control, production enthusiasm is low, price, lack of motivation. Compared to other species, the fall of sodium tungstate is lagging behind the recent smelter home outside offer is only down 500-1000 yuan / ton, 96% sodium tungstate Quotations focused on the 9.5-9.6 yuan / ton.


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With the tungsten market gradually into the traditional off-season in July and August, the overall demand for tungsten market downturn, turnover focused on low prices, smelter stopped production intensifies, traders operating cautious, more bearish outlook tungsten, tungsten-based products at low prices attempt to stabilize the disc, but there are different degrees of risk was down late material.

Macro level, institutions predict that total investment in June continued to decelerate, many provinces deploy stable investment; investment and financing 700 000 000 000 CITIC help "along the way" strategy; local integration to accelerate the disposal of state-owned assets.


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Tungsten market: tungsten downstream demand continues to slump, tungsten-based products do not sell on price, tungsten ore raw material procurement side continued down the inquiry, to avoid upside down and get small profit, the tug of war buyers and sellers prefer buyer price, spot price constantly Yindie expected short-term ore price stability maintenance or vulnerable, but low or slightly dropping. Overseas APT quotation rebound, latest MB British Metal Bulletin latest offer in a high increase of $ 10 paratungstate Europe 215-230 up $ 5 / metric ton. Short-term domestic APT price or stabilization.

Molybdenum market: domestic and foreign market performance deadlocked, the price falling risks remain. Although steel procurement ferromolybdenum market, it is difficult to drive the market enthusiasm, turnover is not ideal, the weak downstream demand has not improved, the market outlook bearish; molybdenum chemicals market is facing money withdrawn from circulation more difficult, more consumption of inventory-based. Difficult short-term market is expected to turn for the better, the decline difficult to cut.

Overseas APT quotation rebound, latest MB British Metal Bulletin latest offer in a high increase of $ 10 paratungstate Europe 215-230 up $ 5 / metric ton. At the same time, continued to decline ferrotungsten Rotterdam, offer a high level dropped to $ 28.6 / kg, overseas tungsten iron prices fell below $ 29 overall, the market has no price $ 29. After the expected impact of overseas markets, short-term stabilization of the domestic price or the APT, tungsten, iron fell slightly.

Tungsten concentrate buyers and sellers continued stalemate on the price, but because businesses generally bearish outlook tungsten, tungsten concentrate price is more inclined to the buyer, 50 degrees scheelite cash price has been as low as 67,000, and the buyer is still tentative inquiry of the decline in the latter part of the ore price still was down risk.


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Tungsten downstream demand continues to slump, tungsten-based products do not sell on price, tungsten ore raw material procurement side continued down the inquiry, to avoid upside down and get small profit, the buyers and sellers in the transaction price is more interested tug buyer, the spot price continues Yindie expected short-term ore price stability maintenance or vulnerable, but low or slightly dropping.

Macro, June manufacturing PMI final value is less than expected, interest rates drop quasi space continues; Guangzhou in the first half GDP growth of nearly 8%, the economy is generally stable; the World Bank expects China's economic growth this year of 7.1%.


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Tungsten market: With the raw tungsten concentrate prices continued to decline, tungsten market activity decreases, tungsten smelters stopped production increase will reduce foreign quote, tungsten end demand has not yet improved, coupled with the impact of foreign low-cost supply into the domestic market traders operate low motivation. Expected to enter July, the tungsten market into the traditional off-season, the price of tungsten or continued to hover in the low, tungsten, or the spot market traded stalemate continued.
 
Molybdenum market: International Molybdenum market appeared to stabilize the situation, however, is difficult to predict the impact on the market outlook, the domestic molybdenum prices more on the sidelines. Quote inability to adjust, molybdenum oxide, molybdenum concentrate market is quiet, traded weak, molybdenum iron also increase the difficulty to take the goods. Currently molybdenum market prices is not optimistic, expected short-term will continue to weaken.

With raw material prices continuing to fall tungsten concentrate, tungsten end demand has not yet improved, coupled with the impact of foreign low-cost supply into the domestic market, scrap steel prices continue slipped tungsten, tungsten scrap drill (bar), tungsten scrap import blade auction constantly Yindie domestic waste tungsten blade by a relatively small impact of low-cost supply overseas.

It is understood that the waste tungsten drill mainstream market turnover concentrated in 130 yuan / kg to succeed, manufacturers also sell directly about nearly 135 yuan / kg, tungsten scrap import price blade fully below 130 yuan / kg, some low even with high domestic blade close .


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Tungsten market activity decreases, tungsten smelters stopped production increase will reduce foreign quote, traders operating low motivation. Expected to enter July, the tungsten market into the traditional off-season, the price of tungsten or continued to hover in the low, tungsten, or the spot market traded stalemate continued.

Macro, national 3 trillion of investment has been completed, will be pushed four major projects; central bank to continue 50 billion of reverse repurchase, last week four additional 150 million yuan; a quarter of China's foreign exchange reserves shrink $ 79.5 billion.


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Kyocera Corporation announced today that it will construct a new manufacturing plant in China, aimed at further strengthening the company’s industrial cutting tool business in the country.
On June 29, a groundbreaking ceremony was held at Kyocera Precision Tools Co., Ltd. located in Ganzhou City, Jiangxi Province. KPTG was established in January 2015 as a joint venture between Kyocera and a tungsten refining company in China, Ganzhou Grand Sea W&Mo Group Co., Ltd, in order to meet the growing demand for industrial cutting tools in the automotive industry in China — where more automobiles are manufactured than any other country in the world.

“The Kyocera Group delivers a diverse range of products, and is working day by day to satisfy customers around the world. Notably, our industrial cutting tool business has achieved remarkable growth in recent years and is expanding globally,” stated Kyocera Corporation Chairman Tetsuo Kuba during a speech given at the groundbreaking ceremony. “With many customers in China, we decided to construct this new manufacturing plant in Ganzhou to further develop our business. We hope that our business in Ganzhou will not only contribute to the region and our company, but also play a role in strengthening the relationship between China and Japan.”



KPTG plans to begin operations at the new plant in January 2016 to produce carbide inserts. The plant will become Kyocera’s fourth manufacturing base for industrial cutting tools in China, in addition to its plants in Dongguan, Zhuhai and Shanghai.
By strengthening its manufacturing capability, Kyocera will be better equipped to respond to the expanding demand in China and aims to further increase its sales in the region.


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Shares of Kennametal Inc. appreciated by 1.23% during the past week but lost 2.05% on a 4-week basis. The shares have outperformed the S&P 500 by 1.64% in the past week but underperformed the index by 1.78% in the last 4 weeks.
Currently the company Insiders own 0.3% of Kennametal Inc. Company shares. In the past six months, there is a change of -3.05% in the total insider ownership. Institutional Investors own 95.3% of Company shares. During last 3 month period, 5.98% of total institutional ownership has changed in the company shares. The company shares have dropped 23.27% in the last 52 Weeks. On July 22, 2014 The shares registered a 52-week high of $46.76 and 52-week low was seen on January 29, 2015 at $27.63. The 50-day moving average is $36.64 and the 200 day moving average is recorded at $34.87. S&P 500 has rallied 7.73% during the last 52-weeks.

Kennametal Inc.: On Friday heightened volatility was witnessed in Kennametal Inc. (NYSE:KMT) which led to swings in the share price. The shares opened for trading at $35.11 and hit $35.35 on the upside , eventually ending the session at $35.32, with a gain of 0.8% or 0.28 points. The heightened volatility saw the trading volume jump to 557,756 shares. The 52-week high of the share price is $46.76 and the company has a market cap of $2,800 million. The 52-week low of the share price is at $27.63 .



Kennametal Inc. is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Companys product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Companys metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.

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