China's tungsten molybdenum industry as a whole difficult run

2015 first quarter, China tungsten and molybdenum industry as a whole is running and "cool" in the non-ferrous metal industry boom index trend compared to a weaker performance, mainly reflected in:

1. Investment and production enthusiasm are under pressure fall. 1 to 2 months, China's tungsten and molybdenum ore mining investment in fixed assets as well as tungsten and molybdenum smelting investment in fixed assets fell by 39.84%, respectively, 3.53%, and its rare and rare earth metal rolling processing downstream investment in fixed assets is 65.76 percent year on year drop

. In the context of long-term market weakness, a great blow to the downstream processing project investment enthusiasm, tungsten and molybdenum slow down the pace of the industrial structure of high quality, high performance, high value-added processing products effective extension. At the same time, the affected parts of tungsten molybdenum concentrate prices fell below production costs

Not only the mining project investment declined significantly, and production is also greatly affected the enthusiasm. According to statistics, from January to February 2015, China's equivalent to the amount of 15,200 tons of tungsten concentrates metal content, an increase of 1.85%; molybdenum concentrate production capacity of about 41,100 tons of metal, an increase of 11.3%.

Molybdenum concentrate production growth was mainly supported from the 2014 Inner Mongolia and Heilongjiang two molybdenum mine into production, but the cost of medium-sized mining enterprises have entered the labor status.

2. Export quotas, export growth is not significant. Since January 1, 2015, the Commerce Department canceled the export quota restrictions tungsten and molybdenum and molybdenum export qualification. In this context, in 2015 January-February exports grew 27.9 percent of tungsten, the amount of 3246 tons of metal, only restore

Restored to the 2012 or 2013 level of exports over the same period; 1 to February export volume of molybdenum is down 14.1% to 1,563 tons the amount of metal. Tungsten and molybdenum products export volume growth is not significant. At the same time, by weak domestic demand and excess supply of minerals influence, 1 to February 2015, I

State tungsten, molybdenum imports fell by 27.2%, respectively, 38%, respectively, for the amount of 506 tons and 1219 tons of metal metal content.

3. The domestic market demand is still downward pressure, tungsten and molybdenum market prices continued to decline. According to the agency to the latest statistics, the first quarter of 2015, China's stainless steel crude steel production fell 4.4 percent to 5.07 million tons. Where 300 stainless steel crude steel production growth rate dropped significantly. Meanwhile, according to the National Commission

Bureau of Statistics, from January to February 2015, China's crude steel production fell 1.5% to 130 million tons. By 2014, production totaled 27,000 tons of carbide, an increase of only about 2%. In 2015 a quarter, unchanged from a year earlier only. In short, the main downstream consumer of tungsten and molybdenum products

Field showed weak investment market transactions very inactive, tungsten and molybdenum consumption is experiencing downward pressure. It affected the first quarter, the average price of wolframite 82,200 yuan / ton, down 29.8 percent, down 10.3 percent; molybdenum market is at the bottom to adjust the order

Segment, a quarter of the average price of molybdenum concentrate fell 17%, to 1121 yuan / ton degrees, ferromolybdenum average price fell 14.9 percent, to 78,000 yuan / ton.

The sharp decline in business efficiency, effectiveness obvious structural differences. 1 to February 2015, China's tungsten and molybdenum ore mining profit fell 72.8 percent, tungsten and molybdenum smelting profit fell by 18.7%.

Overall, the first quarter of 2015, China's production of tungsten and molybdenum business investment and initiative are under pressure decreased export quotas after the abolition of export volume growth is not significant, decline in domestic demand, tungsten and molybdenum prices continued to decline, a substantial decline in business efficiency. Future of tungsten and molybdenum resources tax and export duties

Facing adjustment, market activity or increased; State Reserve purchasing and storage will help to market supply and demand balance to some extent. China's tungsten and molybdenum market demand remained weak and even a slight decline, tungsten and molybdenum industry outlook can hardly be optimistic.


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