Yesterday the Minmetals once again raised the tungsten concentrate guide price guide, slightly boosted market confidence, but the overall demand is still weak.

The market price is still lack of momentum. Scrap tungsten market is  in general, the business mentality is relatively good.

The price will not be strong, high scrap of resources is low, scrap market price is still strong. Short-term scrap tungsten market will continue to run steadily.
 

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China Minmetals Nonferrous Metals (CMN) has raised its tungsten concentrate price for delivery in August in an attempt to boost market sentiment.

The company's black tungsten concentrate with 65% metal content will be priced at 160,000 yuan ($25,922) per tonne. The price of white tungsten concentrate with 65% metal content will be 159,000 yuan.

Both are 5,000 yuan per tonne higher than Minmetals' July price.

"Large enterprises are trying to maintain prices, while real downstream demand is indeed not so good," a smelter source from Hunan said.

Meanwhile, Jiangxi Ganzhou Tungsten Assn, left its guidance price for August unchanged, with 65% black tungsten concentrate at 155,000 yuan per tonne.

The spot market price of the material was at a historical high of 155,000-158,000 yuan per tonne on Friday, unchanged from a week earlier.

"The current market is full of caution. Trading is not active and most market participants are holding a wait-and-see attitude to the market," a trader from Jiangxi province said.


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South Korean tungsten market keeps inactive.

Sources in South Korea tungsten market reported that the consumption for cemented carbide and other kinds of tungsten products keeps low.

South Korean tungsten market keeps quiet as traders and consumers are inactive in purchasing. Most of the downstream customers only purchase from hand to mouth, and watch the market. South Korea market participants will leave market for summer holiday gradually, and it is expected that the market would be quite for a while.

You can visit the following links for more information about  ammonium paratungstate prices(APT  prices).

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China tungsten concentrate market quiet.

China tungsten concentrate prices are stable now. Ganzhou Tungsten Industry Association announced the guiding price of wolframite 65%min at RMB155,000t USD390mtu. But China Minmetals has not published the offers for tungsten concentrate now. Most of the market participants hold wait-and-see attitudes towards the future market.

You can visit the following links for more information about  tungsten concentrate prices.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:   sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
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European ferro-tungsten offers hold firm.

The European ferro-tungsten market is expected to remain largely quiet this week following a flurry of buying activity from large downstream users at the end of July. Small volume sales have been booked between USD48.20-48.60kg W d.d.p over the past 4-5 days, and offering prices in the inter-trade market remain firm between USD48.50-49.50kg W in warehouse Rotterdam as of Tuesday.

Tungsten concentrate market continues to be inactive.

China tungsten concentrate prices are stable this week. It is announced the offers for wolframite 65% at RMB160,000t USD403mtu, and the offers for scheelite 65% at RMB159,000t USD401mtu in August, which increased by around RMB5,000t USD12.6mtu compared with those of last month.

But most of the market participants hold wait-and-see attitudes towards the future market, and the trading volume is small in the spot market.

You can visit the following links for more information about  tungsten concentrate prices.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:   sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Tungsten carbide powder suppliers hold offers stable.

China tungsten carbide powder suppliers hold offers firm this week, but the trading keeps thin owing to the soft demand. Many tungsten carbide powder suppliers expressed that under the current tungsten concentrate and APT prices, the tungsten carbide powder prices are hovering at the production cost. While on the weak demand, it is difficult for the tungsten carbide powder prices to move up in a short time.

You can visit the following links for more information about  tungsten carbide powder prices.

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HC Starck’s CEO, Andreas Meier told in a recent interview that he believes tungsten demand is starting to stabilize. Prices have stepped down from their 18-month highs and “destocking initiatives in the tungsten supply chain may be coming to an end.”

“Our view remains unchanged that China is heading for more added value-products to be produced in China and if you look how export licences have been reduced we see that outside of China when GDP growth rates recover it will again become very tight,” Meier told.


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HC Starck’s CEO, Andreas Meier told in a recent interview that he believes tungsten demand is starting to stabilize. Prices have stepped down from their 18-month highs.

And “destocking initiatives in the tungsten supply chain may be coming to an end.”With that in mind, Meier admitted that the company is “reluctan[t] to become reliant on increasingly tight export supplies from China,”

Particularly if it is looking to target the Japanese and South Korean markets. It will continue on this path with the value-added tungsten products from its joint venture with Nui Phao.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
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HC Starck recently signed a joint venture agreement with Nui Phao Mining, Nui Phao will hold a 51-percent stake in the venture, while HC Starck will hold the remaining 49 percent, according to HC Stark’s statement.

Through the partnership, the companies will look to produce value-added tungsten chemicals like ammonium paratungstate (APT) and blue tungsten oxide (BTO) from the entirety of Nui Phao’s materials.

The venture is expected to produce 6,500 tons of tungsten trioxide per year. HC Starck has committed to purchasing a significant share for its own use.
 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
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