THREADING INSERT,TUNGSTEN CARBIDE CUTTING TOOLS,TUNGSTEN CARBIDE INSERTS

Tungsten market continues to be reluctant to sell, deal more difficult

Tungsten market: tungsten ore cargo Rock Drilling Tool operators continue sellers, leading to downstream smelters home raw material procurement difficulties, difficult to produce improved smelter home production and sale of enthusiasm diminished, leading to downstream powder manufacturers purchase APT also difficulties, many smelters home ahead of schedule shutdowns, and as the traditional Spring Festival approaching, the market started downstream are constantly reducing sodium tungstate market transactions more difficult, the recent shutdown of the manufacturers or increased.

Molybdenum market: small market inquiry, trading has stagnated. Raw material prices are still low, mining enterprises shipments will decline, the market impact of ferro molybdenum, severe overcapacity, steel demand, the pace of dropping or continuity. Short-term market is rock drill bits expected to continue to run under partial.

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North American demand for light tungsten carbide powder, a small drop prices

Tungsten carbide powder market in North America is currently weak market stability maintenance , WC 99.7% min price of $ 55-60 / kg contraband hair that has fallen below 60 U.S. dollars / kg , low price of $ 53-57 / kg. Thinly traded market in recent weeks . Due to the slow economic recovery , there is no signs of recovery in downstream demand , consumption did not increase, North American Tungsten prices are still a downward trend .

By the end of March a U.S. High Air Pressure Drill Bits WC 99.7% to $ 53 traders / kg of contraband sent to the price Sandvik Drilling Tools of shipping two tons , down about $ 2 over the last / kg. He dth drill bits mentioned that the number of students increased by a marginal impact on the vendor market . He believes that the main reason is that prices began to decline slightly : too many producers and traders holding large stocks on the market , but demand was steady , but the fierce competition among suppliers .


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Tungsten guidance announcement, the business confidence in the setback again

Tungsten market: With the publication of guidance, powder prices fell again frustrated tungsten business confidence, enthusiasm weaker operating tungsten concentrate smelter stopped production increase, scrap tungsten steel traders wait and see, so ferrotungsten manufacturers offer a substantial reduction, profits shrink, scrap tungsten steel prices fell again, the spot market transactions better than last weekend, bar, CNC blade, milling and other markets is still some demand, it is expected to scrap tungsten steel prices sharply lower blocked, or remain relatively stable in the short term .

Molybdenum market: molybdenum concentrate dth drill bits trend does not change the downward trend always, difficult to alleviate the short-term supply and demand, the pace of Sandvik Drilling Tools domestic and foreign new mining enterprises were put into operation step by step, the industry always vigilant, to do more cautious, mainly to wait and see.


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Chinese Ammonium Paratungstate Prices Stabilize When Supply Increases

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate(APT) and cesium tungsten bronze prices maintain stability on tungsten carbide burrs blank deadlocked supply and demand in the market. With more and more companies coming back to work, the supply of spot goods increases, but due to high production costs and limited inventories, most sellers still are reluctant tungsten carbide strips to sell at low prices. 

Global economic growth will probably be checked in the near term as the coronavirus outbreak disrupts the flow of goods and services in China. Tungsten consumption is closely correlated to global GDP, especially in China, which consumes half of the metal produced. Since the outbreak, travel restrictions and curbs on the flow of goods have lowered expectations for global economic growth. The weaker GDP growth may hit tungsten demand this year. 

Prices of tungsten products on Mar. 6, 2020

Picture of violet tungsten oxide

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China Economic Slowdown Would Hamper Global Tungsten Market

Due to the recent economic slowdown in China, the global tungsten market may be hindered because China has the largest market share in tungsten mining. The use of tungsten is expected to decline in lighting applications due to the introduction of fluorescent lamps and LED bulbs that replace incandescent bulbs.

Ultra-thick and medium tungsten powders are used for wear and mold parts, road construction tenders. Fine tungsten carbide powder is used for inserts and cutting tools. It is expected that the global tungsten market will grow at a compound annual growth rate with a considerable number of units in the future. The global tungsten market has its ground tungsten carbide rods consumption in the areas of steel alloys, rolled steel products, cemented carbides and chemicals. China is a major supplier of tungsten and has the largest market share in the global tungsten market in terms of consumption and supply.

The global tungsten market is divided into seven regions, namely North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The Asia-Pacific region dominates the global tungsten market, and China remains the world's leader in the supply and consumption of tungsten because of its vast reserves and the government's support for the industry. India will maintain modest growth in the global tungsten market as manufacturing expands. North America will contribute to the growing global tungsten market as construction spending in the region increases. Growth in the durable goods industry in Latin America will result in above-average growth in the global tungsten market. Europe's expanding automotive industry has made it a valuable market for the global tungsten market. The Middle East and Africa are in the early stages of the tungsten market, but is having a bright future.