Recent market slightly active tungsten , tungsten ore , APT, tungsten, iron , etc. There are certain transactions , performed relatively well, tungsten products inquiry and the volume is still very little business mentality still pessimistic , waiting to see atmosphere . Tungsten market is expected early market or will be temporarily running smoothly.

Macro level, the Bank of China Banking Regulatory Commission : lowering standards and re- directed lending efforts will increase ; May manufacturing PMI hit a new high this year, institutions predict CPI increased by 2.5% ; U.S. economy is now shrinking , but the first three years of optimism .


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Summary sentence : City little active tungsten , tungsten ore , APT, tungsten, iron and other products fared slightly better , there is a certain transaction . Recently external molybdenum products market continues to maintain upward trend, while the trend in the country is relatively stable state.

Tungsten market : Tungsten city slightly active, tungsten ore , APT, tungsten, iron and other products fared slightly better , there is a certain transaction . However , tungsten powder, tungsten and other products due to weak procurement market downturn , although manufacturers attempt to raise the offer, but little inquiry , the actual cost price is still weak. City or early June is expected to be short-term maintenance of stability of tungsten run .

Recent ferrotungsten markets steady low consolidation-based, price volatility is not small domestic manufacturers to stop production increased tungsten iron, tungsten, iron smelting in production manufacturers offer relatively strong long week, 70 ferrotungsten Acceptances 178,000 yuan / ton in the vicinity, Specifically go by volume, cash transactions 175,000 yuan / ton, take the goods turnover in general.

Domestic demand into the season, but recently received a slight increase in overseas orders, for two main reasons: first, because of political unrest and anti-Chinese riots of Vietnam affect male star Tungsten (Vietnam Youngsun Tungsten) announced that, taking into account the safety of factory workers in China will be pause tungsten iron production, supply and therefore tense ferrotungsten Asia; Second, Europe and other places will usher in the July summer break, many foreign companies plan to purchase in advance.


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Mainstream tungsten steel scrap prices steady. Waste tungsten drill bit confusing market prices in some areas not included in the purchase price of 184-185 yuan concentrate / kg, but remained in Hebei 188-190 yuan / kg. Imported scrap tungsten blade concentrated in the 177-178 yuan / kg, high turnover, poor. Domestic waste tungsten blade market is relatively strong, high transaction price tends to 169-170 yuan / kg.

Since tungsten ore prices now signs of improvement, tungsten City boosted business confidence slightly, watching the atmosphere has subsided, transaction enthusiasm began to increase. This support is expected to short-term market or tungsten scrap becoming strong, high transaction prices are expected to gradually move closer, grinding tungsten scrap material to the good development of the market will follow.


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Recently, the China Nonferrous Metals Industry Association, came the good news , Xiamen Tungsten changting Jinlong Rare Earth Co. , Haicang Branch Manufacturing three three classes won the " National Nonferrous Metals Industry advanced collective" title , while Huang Changgeng , Kefu ink , gold mine Biao and the others won the " National Nonferrous Metals industry model worker" title .

Changting Jinlong Rare Earth Co., Ltd. focus on the development of " multi-pronged efforts, production , improve operational efficiency and promote , reinforce management foundation, grab the opportunity to speed up the project , the development of new products and strong stamina , security personnel training and development" approach, in Xiamen tungsten Industry Group under the guidance of the headquarters of the grasp of project operation and actively explore the market, strengthen internal management , vigorously carry out the training in an effort to make the production and operation of the product at the same time , basic protection of the ERP project , internal comb , to promote the project management carry out landing , TS16949 and qualification system work group efforts to complete the tasks assigned targets . The company has received for Longyan City " pilot enterprises for sustainable development ", " strategic emerging industries in Fujian Province ", " post-doctoral innovative practice base" and other honorary titles .

Haicang Branch Manufacturing three three shifts has been to adhere to the "target -oriented performance management , innovation management " approach to work , with the joint efforts of all class members , and orderly conduct of the work team , team performance since 2008 since the first five consecutive years ranked departments ; team has won the Xiamen City, " workers Vanguard ", "advanced worker" , company " red team" and many other honors ; manufacture of three three-shift squad Chensheng Lu also in 2013 , Xiamen " labor Medal " winner.

Huang Changgeng , vice president of Xiamen Tungsten Co., Ltd. in July 1987 university graduate, assigned to Xiamen Tungsten goods factory, starting in December 1989 served Xiamen tungsten products factory workshop , deputy director, director , deputy director , Xiamen Wu industry Haicang Branch , deputy general manager , general manager and vice president of Xiamen Tungsten Co., Ltd., Xiamen Tungsten Co., Ltd. is currently executive vice president . He has long been engaged in the smelting of tungsten , responsible for the organization of production and technical research, tungsten smelting companies involved in technological innovation, and is responsible for commissioning, technical regulations , such as the development process , the company made ​​major contributions toward expanding the scale of production . May 2000 developed a " hot decomposition scheelite preparation paratungstate ' proprietary technology, and through the identification of the country of the group. The project was officially put into operation in August 2001 . Not only greatly improved the company's production process for raw materials adaptability, and annual savings in raw material costs at least $ 2 million. The project was awarded in 2001 in Fujian Province Science and Technology Progress Award . In order to break the bottleneck of tungsten ore raw materials , Huang Changgeng mouth tissue engineering various professional R & D team , day and night , in-depth on-site , a lot of effort into the development of low-grade tungsten ore mix of black and white high- hybrid processing technology , finally made ​​a breakthrough to achieve a square recycling fifths of the following grade tungsten tailings , so that the original does not have several hundred thousand tons of tungsten tailings industrial value becomes effective resources . Only in 2010 recycled low grade scheelite obtained a net profit of more than eighty million yuan . Huang Changgeng focus on technological innovation , has completed the ion exchange process improvements, new product development, specifications , new technology and a series of closed liquor research projects , and applied to the production process , and achieved fruitful results, has won the Provincial Science and Technology Progress Award . He has in the field of tungsten smelting and higher energy and new materials technology research skills and management capabilities for the company's technological progress and business development has made outstanding contributions , he has also won the individual Fujian Province Youth Science and Technology Award, Xiamen top-notch talent and other honors.

Kefu ink , Xiamen Golden Egret Special Alloy Co. Barstock chief , in April 2002 into the company since worked in the alloy , production line production management department. In order to improve the micro- drilling campaign roundness bar products , the process he repeated the test parameters of the device by adjusting the process parameters , and ultimately achieve technical quality requirements. Detection method according to the customer so that the product reaches roundness ≤ 1u, cylindrical degree reached ≤ 2u, and has been recognized by key customers in Japan . There are 202 sets of processing plant equipment , equipment failure rate. His experience based on years of field operations , replacing the fastening means and the water bodies with machine body , effectively improve operational efficiency and eliminate security risks. Improvements such as these , nearly more than 40 items. The company has been awarded the "advanced workers ", " Top Ten craftsmen ," " Top Ten employees " honorary title .

Jinbiao Lei, Hong Lu Xiamen Tungsten Molybdenum Industry Co., seven die drawing operator positions , drawing section senior workers, responsible for seven die drawing production operations . From 2004 into the plant so far, Lei Jinbiao extremely excellent performance through its widely recognized company, department , colleagues. Seven die drawing many tungsten finished processing the last step , the role of drawing in the rough section of tungsten is critical . In 2005 , technological innovation projects Jinbiao LEand workshop technicians with the development of the "seven graphite mold design and use of milk Add to Cart " to add to effectively improve the efficiency of the seven positions graphite mold milk , work efficiency increased by 100 % daily production capacity enhance 260kg, creating a total economic benefit of $ 200,000. The company has won several " technical experts" , Xiamen Tungsten " outstanding member" , the company's " quality of work outstanding individuals " , "2010 moved to Hong Lu character" , Haicang District of Xiamen City "outstanding communist " and other honorary titles.

National Nonferrous Metals Industry advanced collectives , the honorary title of model worker in the field of non-ferrous metals Xiamen Tungsten is created by the results of affirmation and encouragement. Winning access to not only the strength of the highlight , but is the result of struggle . Industrial restructuring and development in the new era , we will cherish the honor , as an opportunity to tackle tough , innovation, and make new contributions to the rapid development of the company .


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Tungsten mines gradually take the goods normally ore prices rose slightly. Currently 60% of wolframite has appeared high offer 1.45 yuan / kWh, but turnover remained deadlocked, and the low transaction price trend is expected to short-term ore prices steady small correction.

Macro level, the yuan central parity hit nine-month low, short-term or will continue to depreciate; saving water for the first time included major projects, Ministry of Water Resources is proposing to lead the New Deal public funding; China will allow private capital investment in military equipment.


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Word Roundup: Tungsten mine take the goods properly, ore prices rose slightly to 60% currently wolframite has emerged 1.45 yuan / high quote but turnover was slightly lower than expected stalemate and the trading price of short-term or steady consolidation mainly rose sharply stamina inadequate ; domestic market prices of primary molybdenum relatively strong businesses go outside to wait and see the goods timely cash , subject to the cost impact is difficult to buy cheap downstream steel market due to poor operational state level is not high molybdenum iron tender business for the long-term bearish bias Quotes molybdenum prices more than expected short-term or temporary stability based.

Tungsten Market Comment

Scheelite : early May , CMN and Ganzhou Tungsten Association continued to fall in price guide , 65 degrees wolframite are 110,000 yuan / ton, although compared to the decline narrowed in April , but still large. Affected by this, coupled with the demand continues to slump , May tungsten concentrate prices hard up, prices are stable and low consolidation and more .

Ore price stabilized main reasons: First, the current price is already very close to mine cost line , holding business profitable , low-cost goods will go low ; Second, with the recent nickel, molybdenum prices, some businesses hope tungsten City also a miracle , cheap shipping will lower ; three is much lower tungsten smelting raw material inventory and raw material prices are currently at a low price, so the recent increase in tungsten ore inquiry .

Tungsten Chemical : With tungsten ore prices approaching low , the recent mining, Scheelite Scheelite manufacturer wishes to sell relatively low , APT smelting manufacturers of raw materials procurement difficulties , this support while prices remained relatively stable, relatively last month, just slightly down . It is understood that manufacturers offer at 16.5-16.8 yuan / ton, but the actual transaction acceptance month 16.6-16.7 yuan / ton, cash transactions 16.3-16.5 yuan / ton.

Tungsten Products : Tungsten products prices continued to fall this month . At the end , tungsten powder particles concentrated in the mainstream market price of 258-260 yuan / kg, native WC 257-259 yuan / kg, down from the previous month 6 yuan / kg. Market price is slightly confusing, some manufacturers lowest ex-factory price to 255 yuan / kg, but still have high market price 263 yuan / kg or so , resulting in an overall bargaining larger space , the actual turnover tends to be low-cost .

Outlook forecast

Despite continued weakness in domestic demand for tungsten City , has not improved , but overseas demand , orders increased, mainly: July is about to usher in the summer break , some overseas businesses will start buying APT, tungsten, iron, etc. In recent advance ; under Vietnamese political unrest and anti-Chinese riots affected , Vietnam sun Star tungsten industry will be discontinued , resulting in Asia tungsten iron supply tense , a slight increase in Chinese demand for iron tungsten .

By overseas demand is expected to promote , tungsten and iron smelters for tungsten concentrate purchases increased slightly in the short term or tungsten concentrate market remained relatively strong, but procurement is limited, limited efforts to support domestic demand did not improve , tungsten ore prices weak , tungsten concentrate prices in the short term or mainstream hovering 10.5-10.8 yuan / ton.


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Vietnam affected by the recent political unrest and anti- riot affected , major local manufacturers in Vietnam ferrotungsten Yang Star Tungsten (Vietnam Youngsun Tungsten) announced on Friday , taking into account the safety of factory workers in China will be suspended tungsten iron production . Affected by the mainstream of Chinese ferro-tungsten export prices surged nearly $ 1.00 / kg tungsten , Monday hovering around $ 42.00-43.00 / kg tungsten Rotterdam to shore , while the plant is shut down may result in late supply, and therefore the supply of goods held in China in Europe reluctant to less than $ 43.00 / kg tungsten price to pay to ship Rotterdam warehouse . Sino-Vietnamese border smuggling ferrotungsten large , but because of political tension , has been tightened in recent weeks , so smuggling ferrotungsten supply the European market decline.

Despite the gradually increasing pressure on the supply side , but this week the European ferro-tungsten prices continue to decline , on Monday evening news that a large European consumer business to 41.50 U.S. dollars / kg, the price of tungsten contraband sent to purchase a truck of the product , compared to prices earlier this month fell nearly $ 2.00 / kg tungsten.

Central Europe , a large tungsten iron traders said on Monday evening that he consumer business to $ 41.50 / kg tungsten prices contraband sent to purchase a truck ferrotungsten shocked his expected price is $ 42.50 / kg tungsten contraband sent to , and deal price far below that level.

The source said on Thursday morning , he received a major Chinese manufacturer of tungsten iron- tungsten iron on a counter offer for $ 42.80 / kg tungsten Rotterdam to shore , June delivery, Vietnam announced shutting down the male star Tungsten Industry after the plan Friday morning prices surged to $ 43.50 / kg tungsten Rotterdam to shore.

He also said that China Ferrotungsten another supplier in Europe, there are several cabinet ferrotungsten stock quotes at $ 43.00 Monday / kg tungsten Rotterdam warehouse delivery .

Europe and many other markets ferrotungsten traders who hold the same view , especially in the more affected by political unrest , under tungsten iron supply in Asia continued tense situation, he was spending the afternoon on Monday to $ 41.50 Manufacturer / kg tungsten contraband sent to cheap deal surprised.

The source said that last week he received a Chinese supplier quotes as low as U.S. $ 41.00-41.50 / kg tungsten Rotterdam to the shore , and even some vendors told him that the next few weeks the purchase price may be as low as $ 40.50 / kg tungsten Rotterdam warehouse delivery . But he said Yang Star Tungsten announced plans to shut down the impact on the market , offer changes happen soon , very difficult to get clear on Monday he quoted vendors.


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South China Sea between China and Vietnam conflicts warming , detonated Vietnam anti-Chinese movement spread to many foreign-owned factories , manufacturers almost escaped , the mob stormed the plant arson, looting broke into the dormitory property , the situation is very serious.

Due to the current social upheaval , taking into account the safety of Chinese workers and the actual operation of the plant , Vietnam Sun Star Tungsten decided to indefinitely discontinued. "At present, the domestic anti- riot intensified, we have no way of normal production , and therefore decided to suspend all production activities. Our long single transaction more than this year's , mainly in spot trading. As to when to resume production can not be determined . "One source Tungsten Vietnamese male star revealed .

The end of the first quarter of 2014 began , tungsten iron market downturn, oversupply , suppliers intense bidding , the mainstream prices have been slightly lower. Sun Star Stop tungsten iron production , coupled with the Vietnamese government to stop this year's re-export trade , export trade will go through after all the legal means to export a particular port , the total tungsten iron supply from Vietnam appears to reduce to some extent on the international market.


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