1. Export Price Analysis

By the year 2015, APT price offer by the British Metal Bulletin is in the range of 165~335 USD/mtu, from 1300 USD/mtu in the end of Jan. declined shock to 170 USD/mtu in Nov., the difference between highest and lowest annual price is 50.75%. The comprehensive annual export price of Chinese tungsten (the total amount of export/export total metal content, excluding carbide) is 35,592.48 USD/T.W, down 29.68% over 2014; the annual average price declined in nearly five years, and 2015 decreased greatly.

 

The tungsten consolidated average export price showed a shock downward trend in 2015; at the end of this year, the price fell down about 40.63% compared with the beginning. Export average price is 44,640.92 USD/T W which is the highest point of this year; exports average price in December 26,504.42 USD /T W which is the lowest of this year. At December, the average export price of ammonium paratungstate, iron tungsten and tungsten wire fell respectively 39.45%, 52.86% and 16.21% compared with January, the export price of primary tungsten and deep processing tungsten products are both declined significantly; while the decline rate of deep processing tungsten products is relatively small; the large decline rate of iron tungsten maybe cause by the cancel 20% of export provisional tax.

 

2. Import price analysis

By the year 2015, the annual average price of imports of tungsten products (including imports of tungsten concentrate) is 29,970.75 USD/T W, down 32.36%. Among them, the average import price of tungsten concentrate is 14,445.65 USD/T W, down 47.21%. Excluding the influence of tungsten concentrate, the average import price of tungsten products is 71,504.46 USD/T W, down 20.81%. In the case of primary tungsten products prices fell sharply, import prices raised 10.69%, the degree of declining overall in flat. Compared with 2014, the import and export of tungsten material price difference narrowing margin, but tungsten wire magnitude amplification. The ratio between average annual export and import price of tungsten metal and tungsten wire were respectively 5.54 and 5.94 times.