Ministry of Finance website on April 23 news release, since May 1, 2015, China will adjust export tariffs on some products, including the elimination of export tariffs on some products and export some products to implement a zero tax rate. According to "Customs Tariff Commission of the State Council on the adjustment of export tariffs on notice", China will abolish export tariffs on steel particles, rare earths, tungsten, molybdenum and other products, the aluminum timber and other products exported zero-tax rate. Abolish export tariffs will increase the bargaining power of the export price, to a certain extent, alleviate the excess domestic supply pressure to the market to get better.


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Tungsten market: Most tungsten products export tariffs canceled ferrotungsten traders mentality becoming active spot market for tungsten concentrate increased inquiry, inquiry mostly low range, but cargo operators reluctant to sell sentiment enriched, Scheelite deal continued stalemate, with buyers and sellers in the game, or steady narrow ore price fluctuations. Procurement of raw materials is expected to post or increase, tungsten prices will gradually stabilized, post or a slight rebound.

Molybdenum market: the end of market trading atmosphere deserted, business mentality pessimistic, low-cost resources abound. The amount of the tender and the tender price of steel shrink again, the market is difficult to improve molybdenum iron, molybdenum concentrate pressure on the stock market is still large, expected short-term molybdenum market weak die hard.

Scheelite inquiry on the spot market increased range of inquiry are mostly low, but reluctant to sell goods holders mood enriched, Scheelite turnover continued stalemate, with buyers and sellers of the game, or steady narrow ore price fluctuations.

Macro level, the first quarter data show that agricultural production continues to improve; Chinese manufacturer recently announced 2025 plan, the Ministry of pushing six pilot areas; most of the local administrative system reform deepening hope.


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Carbide cutting tools in China has become the main tool required processing enterprises, is widely used in the field of heavy vehicles and parts production, mold manufacturing, aerospace, etc., but our tool enterprises are blind, massive production of high-speed as well as some low-grade standard tool steel knife, did not take into account market saturation and business needs.

While China's hardware tools industry a larger scale, but due to technical innovation capability is weak, the market structure over a single, weak and other factors affecting the brand, many hardware production companies often lack the core competitiveness, it is difficult bigger and stronger. Due to the shortage of domestic carbide independent innovation, transform the face of a lack of basic market research patience, luck always have to wait and see, just waiting for other companies to develop new products, to sit back and enjoy the simple analysis, made a slight adjustment to goods, blindly follow the market, completely ignore market saturation and business needs. Tend to follow the development of this type of quick success, can only rely on other outstanding foreign companies, the loss of the development of innovative initiative.

In terms of technology updates, carbide cutting tools gradually replace high-speed steel cutting tools, in particular circular tool. Coated tools are becoming more common in Europe, with a new type of high-speed machining tool market share is growing. Dynamics of the manufacturers. From the point of view of cooperation tool manufacturer in high-tech areas of the market will be a lot of big companies powerful combination.

Tool material has entered a carbide as the representative of the development of the times, compared with the high-speed steel, carbide has better performance and higher cutting efficiency, which, together with super-hard materials, modern cutting techniques to achieve efficient processing an important guarantee. Without a good tool material, any innovation and cutting tool technology advances have lacked the necessary material basis. To solve this problem fundamentally, will involve adjustment of industry structure, with a carbide materials and tools to accelerate research and development capabilities of the production base of the building process, the rapid increase in the share of carbide cutting tools of all proportion.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten market: Most tungsten products export tariffs canceled ferrotungsten increasingly active traders mentality, tungsten ore cargo operators reluctant to sell sentiment thicker, is expected to post increased raw material procurement or tungsten prices will gradually stabilized, remain relatively strong, especially restricted by high tariffs tungsten iron products, tungsten iron demand will improve, post-tungsten market or a slight rebound.

Molybdenum market: molybdenum export tariffs next month is canceled, but the current market sentiment remains bearish doctrinal end of molybdenum concentrate market demand is low, the buyer continues to keep the prices down. Bidding few mills, iron-molybdenum market price tends to be low, short-term market is expected to remain weak.

Most tungsten abolish export duties, becoming active traders mentality tungsten iron, tungsten ore cargo operators reluctant to sell sentiment thicker, is expected to post an increase procurement of raw materials or tungsten prices will gradually stabilized, post or a slight rebound.

Macro level, 24 provincial sun a quarter report card: 21 provincial GDP growth fell; Li again urged banks drop charges: to help companies climbing over the ridge; April HSBC PMI fell to a year low of initial value.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: Tungsten city rich sentiment, market more tentative inquiry, spot transaction still is slightly stalemate, but by the cost of support, the price gradually stabilized stabilized, late this week or temporarily weak tungsten prices stabilize. Domestic tungsten prices continue to slow down, step by step, tungsten business confidence falling, abolish export tariffs, which the city is undoubtedly in Every long drought Gan Lin tungsten, tungsten operating space relative increase in the price of tungsten or gradually stabilized stabilized, remained relatively strong, especially by high tariffs limit tungsten iron products, post ferrotungsten demand or would improve.

Molybdenum market: market operations enthusiasm waned, manufacturers and distributors negative attitude bearish mood darker, determined to delays in the procurement of the business plan also led to the end of the market was deserted, lower prices widespread. Short-term market is expected to remain weak.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten city rich sentiment, market more tentative inquiry, spot transaction still is slightly stalemate, but by the cost of support, the price gradually stabilized stabilized in the market weaker moment, APT prices ore prices to fall, resulting in APT price upside down smelter home production / sales initiative are low, more temporary wait and see, the market is expected to post a tungsten or temporarily vulnerable stabilization.

Macro, bank card clearing market opening in June, 12-year monopoly situation CUP end; refined oil prices increase is a foregone conclusion tomorrow, or about 260 yuan / ton; forcing the central bank to drop to new lows in foreign exchange quasi-hedge.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Customs Tariff Commission of the State Council on the adjustment of export tariffs on some products

Tax Authority [2015] No. 3

General Administration of Customs:

State Council approved the adjustment of some products export duties, as follows:

First, the elimination of export tariffs on steel particles, rare earths, tungsten, molybdenum, and other products.