European Commission website on March 5 announcement, the European High Representative for Foreign Affairs Catherine Ashton and Trade Commissioner De Gucht joint proposal , requiring EU countries agreed to stop profiting from raw materials trade financing conflict. The purpose of this proposal is to prevent or reduce areas of conflict or high- risk areas by armed groups in the raw materials trade to support its armed actors , the EU requires companies to adopt a responsible attitude and get tin , tantalum, tungsten, gold and other raw materials through legal channels .

The proposal also put forward a series of recommendations to promote European companies support the norm : For manufacturers phones , copiers , computers, etc. containing tin , tantalum, tungsten and other metals to give incentives through government procurement ; involvement in providing financial support for SMEs ; to take responsible approach to obtain raw materials from the company to give public recognition in areas of conflict ; through policy dialogue and diplomatic ways to cooperate with the national mining, processing and consumption in order to get more countries involved in irregularities ; implementation of development cooperation with the countries concerned ; member governments through its policy support.


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Tungsten concentrate market remains in the doldrums , buyers have been down the inquiry, but the manufacturer subject to cost constraints , low price does not take the goods , some manufacturers offer currently suspended for tungsten concentrates , watching the market sentiment is still very strong .

However , because the market has yet to positive factors supporting , lack of confidence in the business outlook for tungsten , some businesses due to financial constraints and other factors which low-priced goods to go . Scheelite spot market overall turnover is still less than normal, but a slight increase in the relative time ago , and mostly low turnover . It is understood that the current transaction price and more concentrated in the 105,000 yuan / ton, the analysis is expected to receive high-cost support , short-term ore price or stalled for some time down at 105,000 .


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Tungsten is China scarce and irreplaceable strategic resources , we expect to improve industry concentration , mandatory production plans and export policies will effectively control the supply of tungsten , 2013 - 2015 compound annual growth rate of tungsten concentrate production was 2 %. In our opinion, metal cutting tools , and development of oil / shale gas industry will continue to drive growth in the consumption of tungsten ; 2013-2015 China tungsten demand growth of 5% .

High-end equipment manufacturing will push tungsten downstream processing industries. High-end equipment manufacturing was listed as one of the big seven strategic emerging industries China , likely to be the next 5-10 years and the rapid development of the national policy support . According to China Association 2011-2015 tool development goals , domestic and efficient tool from a 15% market share in 2010 to upgrade to 2015 to 30% -40 %, which means to increase domestic demand for space efficient tool 60-100 billion ; expects domestic leading tungsten carbide deep-processing enterprises will usher in development opportunities.

Global leader in the development of carbide cutting tools two inspirations: ( 1 ) continued development of new products will help the company to maintain high gross margins ; ( 2 ) can enhance the company's overseas expansion of market share , maintain its leading position in the industry . We think that the biggest difference between the domestic manufacturers of carbide with overseas business model is that the overall tooling solutions and ability to meet special needs . We believe that with the domestic companies continue to invest in new product development , the development of space tungsten processing industry is broad.


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Since 2011 , tungsten demand continues to slump , especially overseas manufacturing downturn, tungsten consumption fell again , tungsten exports in 2012 decreased by 20% , in 2013 the amount of tungsten exports fell 21% again. Entered into after 2014 , the trend of decline in exports of tungsten product has ceased, and in January , tungsten exports grew 23% , to February , the total amount of tungsten exports have risen by 32%. Tungsten has seen demand for exports regain momentum , China's exports of tungsten export markets have shown signs of improvement , supplier raised the export offer.

Signs of improvement in China's export market is mainly for two reasons :

On the one hand , overseas economic track to recovery , especially in the recovery efforts in the U.S. manufacturing sector , the automotive industry and the real estate industry is still very strong, the EU also has entered the expansion phase manufacturing , real estate and automotive industries also signs of improvement now . Experienced a downturn after two or three years , overseas demand for tungsten has the potential to rebound .

On the other hand , the domestic economic growth slowing , demand continues to slump tungsten , tungsten price in 2013 was supported by Minmetals lot of purchasing and storage and upward , since 2014 , such as the delay in action Minmetals , coupled with the accumulation of tungsten concentrate inventory compared large domestic market volume was light , qualified businesses export situation more steering recovery in overseas markets .

Tungsten is the country 's dominant species , tungsten industry concentration is high, for control of the market is relatively strong, with overseas demand is also transferred , along with the export price definitely upward.

It is understood that the recent Chinese export market slightly upward , APT export prices up $ 5-10 / t degrees , Rotterdam to shore , DDP concentrated at $ 360-375 / t degrees.


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Tungsten market : the overall demand remained weak tungsten market turnover stalemate, businesses generally tight funding , poor downstream demand and raw material iron tungsten tungsten concentrate prices , buyers bearish outlook , want to wait for lower prices before purchase occurs , the current many market transactions are debts, scrap tungsten blade market demand still , there is still some transactions support , drill and drawing die poor turnover , especially temporary waste tungsten tool relatively strong performance is more obvious than the debts to be paid in cash high 1 -2 yuan / kg , and the longer the time of default , the higher the price, the expected short-term waste tungsten steel is stable and slightly weaker run .

Molybdenum market : market participants continue to enter the market to operate, making the venue lively atmosphere enhanced. Primary market price of molybdenum businesses very strong will , and the fluctuation of foreign quote a higher level . Although the actual transaction did not follow up , but a strong supplier of cheap sell mentality . Short-term molybdenum market is expected to remain strong side run .

Currently scrap tungsten blade market demand is acceptable , there is still some transaction support , drill and drawing die poor turnover , prices fell slightly . Tungsten scrap material weakening demand from the previous month , and trading businesses offer enthusiasm were decreased downstream demand procurement , the overall trading environment deserted. Short-term market is expected to continue steady weakening scrap tungsten trend .

Tungsten steel scrap prices steady weakening operation. Currently scrap tungsten drill focused on the purchase price excluding tax mainstream 186-189 yuan / kg, scrap wire drawing dies 178-181 yuan / kg, were down about 1 yuan ; imported scrap tungsten blade 177-180 yuan / kg, domestic waste tungsten blade 167-170 yuan / kg, scrap pure tungsten 213-221 yuan / kg, remained steady . W ≥ 70% concentrated in the purchase price of the grinding material mainstream 1.75-1.8 yuan / kWh ; 50%
Overseas tungsten market continues to decline . 16 evening MB ferrotungsten Rotterdam quote 44.7-45.6 USD / kg tungsten highs $ 0.1 . Paratungstate Europe offer $ 358-368 / t degrees , steady ; Hong Kong offer $ 365-378 / t degrees, low , dropping $ 2 . Expected short-term overseas tungsten hardly be better.


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This week the market downturn ferrotungsten market sentiment , turnover difficulties , offer a bit of confusion , poor downstream demand and raw material iron tungsten tungsten concentrate prices , buyers bearish outlook , want to wait for lower prices before purchase occurs , the current procurement will not big , rich atmosphere watching the market . 70 ferrotungsten price 17.5-18.3 ten thousand yuan / ton there , but the turnover is more than 18 yuan / ton , low-cost or even up to 175,000 yuan / ton.

At the same time , tungsten iron manufacturers , due to lack of positive factors to stimulate the market , vendors shipped is not smooth , the market volume was light. According to some business-to- disclose , demand is low, even down the offer, not very good deal , is slightly more than the current market transaction .


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Continued weakness in demand for tungsten market turnover stalemate , businesses generally tight financial transactions on the market today are mostly acceptance of payment , not much cash payments , expected short-term price of tungsten multi- city run will continue steady weakening .

Macro level, a quarter of the country 's GDP growth fell to 7.4% , a number of indicators of the real estate downturn ; over March -scale industrial added value increased by 8.8% ; before the March national fixed asset investment up 17.6 %.


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Tungsten market : weak tungsten market was stable operation , demand remained weak , closing stalemate, tungsten concentrate prices have been approaching the cost of the line , but the market turnover continued stalemate , tungsten products market mentality hardly strong, low transaction prices continue to move closer . Some businesses offer though still remained at last week's price, but basically no high turnover , weak downstream demand , boost market confidence hard , solid tungsten City this week or disadvantaged steady run .

Molybdenum market : the market demand failed to follow up , making the current product price gains momentum slightly less. Molybdenum concentrate businesses offer higher actual transaction volume failed ; downstream inquiry relative increase in molybdenum iron manufacturers limited stock, foreign quote firm. Other minor adjustments molybdenum commodity prices . Short-term molybdenum market is expected to show strong side or trend.

Tungsten weak market was stable operation , demand remained weak , closing stalemate, tungsten concentrate prices have been approaching the cost line , profitability is low, resulting in the suspension of tungsten ore smelters mostly external offer home , watching the afternoon, watching the tungsten smelter production , marketing see atmosphere is very rich , businesses generally considered little hope of recovery in the first half of the tungsten market .

It is understood that the current mainstream price wolframite concentrate on 10.5-10.8 yuan / ton, and after last week and earlier this week lowered the price of tungsten concentrate temporarily held steady today , tungsten market analysis is expected this week held or continued weak stable operation, between the late tungsten mine price is still slightly high or the risk of downward .


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