May 2014 Monthly review Tungsten Market

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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