With the guidance of the announcement, powder prices fell, scrap tungsten steel market prices fell again, the spot market transactions better than last weekend, bar, CNC blade, milling and other markets is still some demand, scrap tungsten steel traders wait so ferrotungsten manufacturers offer a substantial reduction, profit contraction. Tungsten steel scrap prices are expected to decline blocked, or vulnerable in the short term maintenance of stability.

Macro level, China again after a lapse of nearly 20 years of housing reform: Corrects re-market light protection; 2025 follow-up policy in China will fall, including tax support and so on; the second batch of local government bonds trillion displacement amount issued.


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As a producer of tungsten carbide tools raw materials prices continued to fall. As an intermediate raw material price index of ammonium paratungstate (APT) the current price of around $ 230 per 10 kilograms, and its recent peak in early 2015 it fell by 25% compared to. The reason is that China and the United States demand growth is weak.

In China, iron ore and other resource prices fell, mining-related demand growth is weak. He said, "The Chinese government this year has yet to tungsten implementation of the national purchasing and storage."

Tungsten is widely used in auto parts processing tools and tunneling equipment and other super-hard tools. In the United States, from the second half of 2014, crude oil prices were low, demand shale gas related tools declined.

In Europe and Japan, although the automotive sector centered tungsten demand held firm, but "due to the bearish market, many companies no longer increase in inventory." Although mainly grown in China, but is expected early in the year the UK will also start production of tungsten. With the increase in the supply of tungsten prices could fall further.


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Tungsten market: With the guidance lower, tungsten market demand remained weak, the market sentiment strong bearish, tungsten smelters were forced to offer lower again, native low tungsten prices have dropped 190 yuan / kg, expected late actual transaction or fell to 190 or less. Wolframite 86,000 yuan / tonne mark, APT13.3 yuan / ton, the particles 215 yuan / kg. Weak market conditions difficult to improve or continue to run low.

With the guidance lower, tungsten market demand remained weak, the market sentiment strong bearish, tungsten smelters were forced to offer lower again, native low tungsten prices have fallen to 190 yuan / kg, the actual transaction is expected to tungsten carbide or late fall 190 or less.

Macro, May CPI fell out of the loose space, in June to cut interest rates drop quasi expected warming; environmental Thirteen Five Plan steering dual objectives, investment is expected to exceed 17 trillion; relaxing fund the purchase of first-tier cities.


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Yesterday, the provincial Department of Finance, Provincial Development and Reform Commission jointly issued "on the clean-up of rare earth tungsten and molybdenum related issue of fund fees notice", according to the Ministry of Finance, the National Development and Reform Commission and the relevant regulations, submitted to the provincial government agreed, deciding to Su province involving rare earths, tungsten Mo fund charges a comprehensive clean-up.

The circular clearly, since May 1, 2015, a unified province rare earth, tungsten, molybdenum mineral resources compensation rates to zero, stopping the collection of rare earth, tungsten, molybdenum price adjustment fund. According to the principle of charging the Fund for approval, administrative fees implement the central and provincial levels and approval system, the implementation of government funds at the central level approval system, where the violation fee fund approval regulations, unauthorized introduction of duplication and can not meet the economic and social development and taxation System requirements fee fund projects to be canceled. Fees for the central fund established in accordance with the relevant policies and regulations must be strictly implemented, will be allowed to expand the scope of the collection, improve collection standards or otherwise subject to any fees. Cancel or stop collecting after involving rare earths, tungsten, molybdenum, the fees the fund, the relevant departments to perform their normal duties requirements, shall be guaranteed by the corresponding financial arrangements for funding by the general public budget.


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Gold-plated tungsten alloy is a kind of product, which is plated gold on the surface of tungsten alloy. Due to the density of tungsten alloy can be up to 18.5g/cm3, which is close to the density of gold 19.3g/cm3, tungsten alloy materials can achieve similar density to the real gold products after gold plating process.

Nowadays gold-plated tungsten alloy products as gold substitution are widely used in producing golden tungsten brick, gold-plated tungsten alloy bars, gold-plated tungsten alloy bullion, gold-plated tungsten alloy nugget, etc. It also can be used to make tungsten alloy jewelry, e.g.: tungsten gold-plated ring, tungsten gold-plated ear ring, tungsten gold-plated necklace, tungsten gold-plated wrist chain, etc. In addition, gold-plated tungsten alloy products can also be used as gold-plated commemorative coin for anniversaries or celebrations.

With the wide development of gold-plated tungsten alloy technique, some cheaters made use of the clients’ weak awareness to distinguish the gold-plated from the real gold, they cheated tungsten gold is the gold-plated tungsten alloy or the real gold, which caused some fraud cases and led to a rather bad consumption environment. The tungsten gold frauds happened in these years, for example, the value of 170,000.00 RMB gold-plated tungsten alloy bars had been blown to be the value billions RMB of "tungsten gold" in 2008,cheaters cheated they owned billions RMB of tungsten gold in 2014, and the cheaters cheated an old acquaintance of 5 millions.

Tungsten gold is actually a kind of tungsten alloy. In order to match the sales of market, the exclusively title of “tungsten gold” was came up. It seems to be an exaggerated description of tungsten alloy. Actually, tungsten gold is the product that plating gold on the surface of tungsten alloy. The fake tungsten gold may be filled with other metal materials instead of tungsten alloy, which has the same surface with gold-plated tungsten alloy or the real gold.

There was a report said that there are so many counterfeits were disclosed by a random inspection of jewelry market in Guangzhou on June 5, 2015. It reported that most "Platinum" are not containing platinum, which caused lots of frauds cases in platinum market. In China, many people name “white gold” for Platinum, so some unscrupulous operators made use of such an ambiguous name, selling white metal as platinum products.

Consumers should have a sense to distinguish tungsten gold or real from gold-plated tungsten alloy, so as not to be cheated.

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Zhejiang Provincial Department recently issued a notice of tungsten ore mining total control targets the year 2015, and the total amount of tungsten ore mining and management put forward. Zhejiang Provincial Department issued a notice requirements, issued 2015 annual tungsten concentrate (tungsten trioxide content of 65%) of the total production control indicators 650 tons, 500 tons of which the main mining indicators, utilization indicators 150 tons. County (city) land and resources bureau is responsible for notifying the location of mining enterprises, the indicators put in place.

The Office proposes to carry out the supervision management and total production control target responsibility assessment index implementation. First, it will urge the county (city) land and resources bureau and mining exploration companies signed letters of responsibility for control targets aggregates, and on June 10 will be the responsibility of ministries and agencies for the record books. Second, it will urge the county (city) land and resources bureau to do mining enterprises selling online reporting quarterly review of the data, after the relevant data by the Municipal Bureau of Land and Resources Audit online reporting ministries and agencies. Third is to strengthen supervision and control of the total mining index implementation, urging local land and resources departments to strengthen the mining enterprises, sales of daily inspection, implementation of regulatory responsibility to ensure that the total amount of mining enterprises controlled within the assigned targets.


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Tungsten market: a comprehensive guide price sharply lower in June, once again frustrated tungsten business confidence, enthusiasm weaker operating tungsten concentrate smelter stopped production increase, scrap tungsten steel traders wait and see, so ferrotungsten manufacturers offer a substantial reduction in earnings contraction. A few months before the main downstream manufacturers underemployment, guided very price failed, causing the crash is expected this month, consumption of concentrate inventory. Tungsten spot market transactions deadlocked this week, tungsten products sold or Yindie.

June comprehensive guide price sharply lower, tungsten business confidence once again frustrated, operating enthusiasm weaker tungsten concentrate smelter stopped production increase, scrap tungsten steel traders wait and see, tungsten spot market transactions deadlocked this week, tungsten products sold or Yindie .

Macro, May economic data released today, CPI or an increase of 1.4%; oil settled down 92 cents gasoline cheaper 9; decline in Chinese exports continued to decline in May.


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Tungsten market: the current lack of demand, the tungsten market continued malaise, Minmetals June guidance relative to last month, down 5,000 yuan / ton, but still higher than the actual market price, currently 65 degrees wolframite mainstream price 79,000 yuan / ton, more than 80,000 quotations decreased, and shipments will hold stocks lower, downstream tungsten smelter family also purchasing enough positive cash turnover continued stalemate. Minmetals guidance is expected by the impact of sharply lower, miners confidence or weaker, or slipped ore price this week.