Tungsten scrap market price difference is widening, cheap goods will go low

Today, the mainstream price of tungsten scrap market stabilize, ample supply , distribution of funds is tight . Because of funding constraints, the cash redemption price is down, the market price difference is widening, however, reluctant to hold stocks cheap goods to go , spot market transactions are not very active, expected short-term risk of tungsten steel scrap prices are still slightly downward .

It is understood by the price of cobalt and tungsten mine while lower impact materials , scrap tungsten drill mainstream has dropped 190 yuan / kg, and even some of the cash transaction price pressure as low as 185,186 yuan / kg, sold more than a lower price , but less volume .


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Ferrotungsten demand is low, the market traded difficulties

Ferrotungsten sluggish market demand , the downstream business procurement initiative is low, less market inquiry , coupled with the raw material of tungsten concentrate market down, tungsten, iron spot transactions also showed a stalemate , and the market is slightly weaker . However, due to cost and other support , most businesses offer steady, only a small part of the business cash turnover slightly lower.

It is understood that at present , 70 ferrotungsten denominated promissory offer more concentrated in the 180,000 yuan / ton, cash transactions at 178,000 yuan / ton in the vicinity , but the market is not very abundant funds , cash transactions can be as low as 176,000 yuan part / ton .

Currently the market because of the tungsten market trend is not clear , tungsten, iron merchants more worried about the market outlook , some manufacturers even prudent to temporarily offer , watching the market , analyze expected shortly ferrotungsten market transactions or continuing weak market or steady weakening .


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April 25, 2014 Tungsten Market early assessment

Tungsten market with ample supply of raw materials and scrap tungsten inquiry there , but the turnover has continued to light, mainly because of the buyer to take advantage of short-term market outlook is weaker and suppress the price , the seller still hold the city for long-term tungsten and shipments will not expect the two sides prices continued stalemate on the issue is expected if no external force, the plight of the short-term is difficult to break the stalemate .

Macro level, new environmental law implemented on January 1 next year , illegal sewage daily fine not capped ; draft real estate tax legislation or cocoon year , the parties are intensive research ; RMB cross-border settlement 5 -year cumulative 11.8 trillion .


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Tungsten market downturn continued atmosphere of tungsten concentrate turnover continued stalemate

Tungsten market downturn continued atmosphere of tungsten concentrate turnover continued stalemate, despite holding the goods will ship cheap low, dragged down by weak demand , the current market price of the mainstream gradually approaching the low price range , the recent mainstream smooth tungsten market or continue to supplemented by a slight decrease .

Macro level, the spot exchange rate of RMB to new lows, the depreciation of more than 3% since the beginning ; MIIT: serious excess capacity of industry mergers and acquisitions windows began to appear ; April HSBC China PMI data showed a slight improvement in the economy .


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Huge space of carbide cutting tools industry

Carbide is known as a modern industrial teeth, very versatile , high-performance carbide cutting tool production industry is playing an important supporting role. On the current market, carbide cutting tools for development is enormous.

Carbide powder metallurgy industry belongs , a metal alloy material of a refractory hard metal compound and a binder formed by powder metallurgy processes. Carbide with high hardness, wear resistance, strength and toughness, heat resistance, corrosion resistance and a series of excellent performance, especially its high hardness and wear resistance become the most important purposes.

Carbide tools cover a wide range , can be used as tool material, such as turning, milling, planing , etc., for cutting cast iron , nonferrous metals, glass, stone and ordinary steel can also be used to cut heat-resistant steel , stainless steel, high materials difficult to machine steel, tool steel. The new carbide cutting tools carbon steel equal number of times.

Our world is cemented carbide industry started relatively late , 601 Zhuzhou Cemented Carbide Group is the industry leader in Zhuzhou Cemented Carbide base , the development of our country today is Asia's largest production base of cemented carbide . Our resources are abundant tungsten carbide material basis largest industrial development , the main purpose of tungsten carbide resource areas . However, we should clearly recognize that the development of China's carbide still a long way off . High dependence on imported carbide products is very high , our carbide products are mainly concentrated in the materials and low-end products, high-end carbide cutting tools for development is still very large . This requires hard-line groups such large state-owned high-tech enterprise with scientific and technological innovation lead the industry in technological development and progress.

As a modern super-hard carbide cutting tools and high-end segments of the market to become mainstream , aerospace, military equipment , deep-sea fishing , etc. are needed, its huge space for development. China wants to become a world power Carbide must rely on scientific and technological progress and has involved high- carbide cutting tools market . Zhuzhou Cemented Carbide Production Co. SanXin - Carbide Cutting Machine Blade Manufacturers , according relying Island 60 years carbide production technology, the hard-line groups to join a team of experts , relying Zhuzhou 601 advanced industry technology standards, market demand, combined with first-line customer requirements, providing high-quality carbide cutting tools for the electronics industry .


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Tungsten market downturn continued atmosphere, demand began to silence

Tungsten market : Tungsten City continued sentiment, tungsten concentrate turnover continued stalemate , now close to cost price , although cheap shipping will hold stocks lower , but dragged down by weak demand, market volume was light, wait and see mood strong . Recent tungsten material or continue the mainstream market steady , with a slight decrease supplement.

Molybdenum market : the market prices of primary molybdenum recently failed to extend gains, some participants venue mentality unstable outlook , outlook supplier divergence . As demand began to quiet , businesses risk aversion . However , the end of the tender will support steel prices stable. Molybdenum market or expected short-term stabilization , price volatility is not.

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Zhengzhou comprehensive new tungsten ore found

Zhengzhou Comprehensive The scientists have found a new type of tungsten ore in the rock and mineral identification process. The study determined that the ore containing rare earths, tungsten ore elements in the form of ion adsorption occurs in the main carrier mineral containing barium psilomelane .

After identification, the ore grade of the total rare earth oxide 0.23%, W and rare earth elements are enriched in barium-containing Eu psilomelane , and the uniform distribution. Which , Eu2O3 content of between 0.34% ~ 0.47%, W2O3 content of between 3.2% to 4.2 %.

Deposit of rare earth industry mainly endogenous Bastnaesite and monazite ores , exogenous ion adsorption type ( weathering crust ) and sedimentary placer ( monazite type ) ore. Zhengzhou integrated with the newly discovered rare earth tungsten ore mainly occurs in sandstone fracture zone in the case of table generation due to the detailed causes of further study. The researchers said the mine 's ore-forming elements specific combinations and unique mode of occurrence was first discovered in the country is worthy of further study.

According to the Principal revealed that this type of tungsten ore reserves larger prospecting better. The discovery , for improving the utilization of the value of the tungsten ore is significant. This is a major contribution to the Mineral Exploration Zhengzhou comprehensive appraisal made ​​by the rock .


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Buyers and sellers price saw, tungsten ore turnover continued stalemate

Tungsten market downturn continued atmosphere of tungsten concentrate prices dropping slightly again , now close to cost price , focusing on 105,000 / ton. Earnings hold stocks and smelters family are very low , many businesses temporarily offer , not shipped , the market volume was light, wait and see mood strong . Of course , there are some cargo operators because of funding constraints, eager to cash in and sell cheap , so the market presence of a small amount of low turnover .

However , buyers are mostly bargain hunters follow the principles of the market now active inquiry , but the inquiry and more low , buyers and sellers on the price seesaw .

Market analysts believe that the current supply an adequate supply of tungsten concentrate , inquiries also have, but mixed views on the outlook and the two sides deadlocked transactions . Purchaser believes the short-term market was weak and suppress tungsten concentrate inquiry , the Vendor promising tungsten market and offer strong long-term market is expected to short-term absence of external force , which saw the phenomenon is difficult to break , next week, or hard tungsten concentrate a significant improvement in turnover .


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April 24, 2014 Tungsten Market early assessment

Tungsten market downturn continued atmosphere of tungsten concentrate turnover continued stalemate, despite holding the goods will ship cheap low, dragged down by weak demand , the current market price of the mainstream gradually approaching the low price range , the recent mainstream smooth tungsten market or continue to supplemented by a slight decrease .

Macro level, the spot exchange rate of RMB to new lows, the depreciation of more than 3% since the beginning ; MIIT: serious excess capacity of industry mergers and acquisitions windows began to appear ; April HSBC China PMI data showed a slight improvement in the economy .


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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2015 total global demand for tungsten up to 83000t average annual increase rate of 4%

Tungsten is extremely scarce and irreplaceable strategic resource , but also the national economy and national defense irreplaceable foundation of modern materials and strategic resources , manufacturing tungsten carbide known as "dental industry ," Carbide widely in the areas of military, aerospace, machinery processing , metallurgy, oil drilling , mining tools, electronic communications, construction , etc., is the key material tungsten lighting , electronics and other industries. In these applications, has not yet found a direct substitute for tungsten.

Currently, only the world's total proven reserves of tungsten 2.898 million tons , is extremely scarce resources , more than 20 kinds of the world's known tungsten minerals , industrial value only scheelite and wolframite are two, wolframite are quality tungsten ore, scheelite are refractory ores . China 's tungsten resources abundant , accounting for nearly 70% of the world 's proven reserves of tungsten mineral resources , ranking first in the world .

2010-2013 , equivalent to the amount of tungsten concentrate production increased year by year , and reached its highest level in 2013 , tungsten concentrate production was 138,000 tons .

Through the analysis of primary tungsten and "Twelfth Five Year Plan" according to the analysis of waste tungsten tungsten industry, we assume that the future of native producers of tungsten in tungsten concentrate production quota increase of 1% per year , the 2017 Chinese tungsten concentrate equivalent to the amount of production will reach 143,600 tons .

2014-2017 Chinese tungsten ore market analysis research has been mentioned in the report , domestic demand for tungsten basically showing steady growth in the state . Although the impact of the financial crisis is not over , the European sovereign debt crisis is still spreading and so the constraint of global economic development, but the trend of global economic growth will continue, tungsten demand will continue to grow in 2015 , total global demand may up to 83000t, with an average annual growth rate of 4%.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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