Tungsten Market overall performance deserted, buyers and sellers more wait and see, and some waste materials such as tungsten grinding cargo operators worried outlook lower, and shipments will increase, expected by the end of May the price of tungsten or mainstream stabilization, turnover continued to light.

Macro, domestic gasoline and diesel exports arbitrage gradually narrowed, the current round of price or stranded; steel oversupply remain under pressure, prices are still bearish; Beijing, Tianjin and industrial transfer guide recently or will be published.


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Tungsten City overdue favorable factors more reluctant to sell goods holders wait guidance issued in June, the market outlook is more uncertain then shipped ore prices in recent days or temporarily stabilized; this ore price no change compared with the previous weekend, buyer down the inquiry, the seller very price conscious strong spot market traded stalemate continued.

Tungsten concentrate market price range difference is large, 50-60 tungsten concentrate 7.5-8 yuan / ton price Jie, but the turnover occurs between 7.6-7.8 yuan / ton. And in late May, tungsten businesses have to return the funds, regardless of manufacturers and traders operating or more cautious this week, tungsten ore spot market transactions or continuing deserted.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Both tungsten and molybdenum mineral resources are very rich in China, the reserves in the world, is also at the forefront, but both before and mineral resources within the scope of Hefei has not been found. Recently, good news from Anhui Geology and Mineral Bureau 327 teams came Luzong basin in the northern region (Lujiang County) discovered a new type of mineralization - tungsten ore, molybdenum ore, these two mineralization types Hefei range within the region and belong to the first time.

800 meters underground discovery of tungsten and molybdenum

December 2014, cold. Lujiang County, located along the harbor areas of Gu Shan copper polymetallic ore pre-inspection of the project site, Anhui Geology and Mineral Bureau 327 team is trying to rig construction, geological team wrapped in a thick coat of arms stick around the rig. Drill cores extracted with upward geological team's heart began hanging up. It has been four months since the start of drilling rigs operating in the 800 meters underground.

"Come and see, if there is something!" From the ground up to a length of 870 Rice on the core, the core of fractures in geological team saw a gray shiny light. Geological team are overjoyed, everyone have gathered around, geological team saw the leaden shiny molybdenite, and with the test equipment into the core invisible scheelite.

Tungsten and molybdenum discoveries like to geological team have injected a shot in the arm, in the cold, geological team to continue to squat core side of the box, carefully observed and recorded the extracted core samples. Outdoor temperature is cold, but the geological team's heart is warm.

Geological team braved the bitter cold on a day like this stick in the next drill, observing from greater depths to extract cores up every day. Recently, the rig drilling the final 1410 meters final hole in the ground to determine the area underground deposits of tungsten ore and molybdenum. In addition to discovering tungsten ore, molybdenum ore, Anhui Geology and Mineral Bureau 327 team is still drilling depth for the first time we found a "granite", which in turn is an important prospecting clues.

According to Anhui Geology and Mineral Bureau 327 team technical staff, he said in Hefei had been not been found tungsten ore and molybdenum, tungsten and molybdenum mine geological team discovered the 327 Luzong basin in the north (Lujiang County), It belongs to the first time in the history of Hefei area.

Good high grade mining prospects

Lujiang County, Port area has a good background in the geological mineralization.

According to Anhui Geology and Mineral Bureau 327 technical staff, said the team from the beginning of the 1960s, 327 geological team already carried out in the region for geological prospecting discovered mineralization is widespread in the region, rich in types.

August 2014, prospecting for early clues, combined with a comprehensive analysis of geological and geophysical and geochemical results of the 327 Geological Team, it was decided that the project team along the harbor area in East Gu Shan "Daikin concave" construction drilling verification. Perhaps "ancient sometime grind", because the area is more complex structure, rig construction encountered great difficulties. To drill inclination to specifications, sometimes drilling technicians around the clock for several days in the field study, op.

With the progress of the construction, although extraction up has been found to have a strong core of "alteration" phenomenon, also we got some mineralization clues, but we have not reached the desired objectives prospecting. Sometimes it does not seem to extract the core mineralization clues, some even younger geological team disappointed, laughing, "underground here is really clean."

But this time the team repeated observation and discussion of research, decided to continue to explore for deep cores extracted. Eventually, when the borehole construction to 870 meters underground fissures found leaden core sparkling molybdenite, and with the test equipment into the core invisible scheelite.

According to reports, the Drilling is ZK2 (Drilling of borehole number), extracted by the drilling core samples and found that depending on the thickness of 32.61 meters tungsten ore body containing an average grade of 0.19% WO3; molybdenum ore body depending on thickness 48.09 meters, containing an average grade of 0.289% Mo. Technical staff, said, according to the data, the discovery of tungsten and molybdenum mine higher grade, with good prospects for exploitation.


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Tungsten market: weak demand for tungsten, tungsten upward price weakness, APT prices fell setback, was inverted, resulting in APT smelter home initiative to further reduce the foreign purchase intention is not high. But with more stringent environmental regulation this year, higher cost of production of tungsten, tungsten smelter home very price conscious. Powder production and sales, as compared to the upper reaches of tungsten concentrate and APT, a little stability. Expected that the recent stabilization of tungsten city or the main part of tungsten price range or widening.

Weak demand for tungsten, tungsten upward price weakness, but with more stringent environmental regulation this year, higher cost of production of tungsten, tungsten smelter home very price conscious of expected the recent stabilization of tungsten city or the main part of tungsten or offer range widening.

Macro, Beijing, Tianjin and industrial transfer guide released soon, Tianjin and Hebei to undertake eight industries; May HSBC China manufacturing PMI initial 49.1, the highest 13-month low; the dollar to support the economic recovery.


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Because overseas tungsten concentrate market demand continues to slump, the CIS export prices decline further tungsten concentrate. However, spot market transactions are still scarce. According to reports, due to the current international tungsten concentrate prices continued to decline, the market outlook, the majority of buyers on the sidelines. And in view of the victory of Russia fifty-nine holidays approaching, they also offer suspended, waiting to see the market outlook.

A wolframite 40% of monthly production of about 195 tons producers said this week in the CIS region wolframite 40% price drop to $ 160 / metric ton, last month fell by $ 10 / metric ton. But overseas buyers are still not positive, wait for a lower offer. "We received a number of overseas buyers inquiry, but the other intention purchase price of $ 120 / metric ton or so, therefore, there is no deal," the source said.

Ukraine a 55% tungsten concentrate trader confirmed that the CIS region is now 55% tungsten concentrate market prices in the $ 180-185 / metric ton, last month fell by $ 5 / metric ton. But few buyers to cover short positions.

The trader also said they do not have any tungsten concentrate 55% of stock, after receiving orders to start shopping. Now that 55% of tungsten concentrate prices declined, they do not rush to cover short positions, waiting for the producers lower offer.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten market: although tungsten market demand continued to slump, but hold stocks and smelters home loss shipments will not high, very price conscious increases, leading to the recent stabilization of the overall weakness tungsten prices. Because overseas tungsten concentrate market demand continues to slump, the CIS export prices decline further tungsten concentrate. However, spot market transactions are still scarce, and now the international tungsten concentrate prices continued to decline, the market outlook, the majority of buyers on the sidelines.

Although tungsten market demand continued to slump, but hold stocks and smelters home loss shipments will not high, very price conscious enhancement, APT prices fell setback, was inverted, resulting in APT smelter home initiative to further reduce the overall weakness prompted the recent price of tungsten stabilized.

Macro, three rail transportation plan approved, with a total investment of over 210 billion; international crude oil prices fell sharply, gasoline and diesel price adjustment next week or stranded; ten provincial local government bonds, interest rates negotiated by local and banks.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten city overall low consolidation, stabilization of price weakness. Although tungsten end demand continues to slump, but the grocers sell mentality strong, now ore prices remain low, with the price of shipping, mining companies no profit at all, spot market transactions scarce. This colleague, tungsten ore spot market increased slightly Inquiry buyer continued down the inquiry, buyers and sellers Quote Quote gap, spot transactions stalemate, and this phenomenon is difficult to improve in the short term.

It is understood that 55-60 degree scheelite temporarily tax tons of metal prices firm in the vicinity of 1.02 yuan / kwh., 60 tax tungsten concentrate prices hovering at 78,000 yuan / ton. Despite the recent tungsten ore, APT, tungsten powder and tungsten-based products processing are repeated decline, but the market price of ferro-tungsten is relatively maintenance of stability, it is understood that 70 base ferrotungsten mainstream price of 145,000 yuan / ton from top to bottom.

May tungsten ore market or steady consolidation-based, price volatility is not, spot transactions stalemate, and other guidance issued after June, the market outlook is more clear, tungsten business operations or increased slightly.


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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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: demand has not yet improved tungsten, tungsten further weakening business confidence, low motivation operate, both by manufacturers offer relatively lower last week, spot market inquiry tungsten ore increased slightly, buyer continued down the inquiry, buyers and sellers inquiry and offer gap. Ferro-tungsten market price is relatively maintenance of stability, it is understood that 70 base ferrotungsten mainstream price 145,000 yuan / ton from top to bottom. This week tungsten prices decline or have different magnitudes, wherein the tungsten ore, tungsten, iron is relatively strong.