THREADING INSERT,TUNGSTEN CARBIDE CUTTING TOOLS,TUNGSTEN CARBIDE INSERTS

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.

US Army Seeks Tungsten Carbide Plants for Newest 120mm Mortars And 6.8mm Projectiles

The US Army seeking potential tungsten carbide plants for its new 120mm mortars and 6.8mm projectiles production according to the US military website "Defence Blog" reported on 10th July. The US Army is conducting a market investigation to find a manufacturer to produce large-caliber new 120mm mortars. It also announced a draft tender specification for new 6.8×43mm projectiles, attracting vendors participating in the bidding.

Both projects are under the responsibility of the United States Army Contracting Command (ACC). The US Army hopes to find out all the domestic manufacturers that can create 120mm mortars in active service and find the most "good and cheap" tungsten carbide strips mortars through bidding. They plan to purchase 200 units 120mm mortar in 5 years.

According to the report, the US Army is expected to purchase approximately 200 complete 120mm mortars in five years, including the car version M121 on the standard M120A1 and Stryker M1129 guns, which should be delivered in FY 2021.

The new 6.8mm ammunition procurement case is in cooperation with the Combat Capabilities Development Command of the Army Futures Command (AFC) under the Picatinny Arsenal in New Jersey. CCDC has announced the new 6.8mm ammunition draft tender specifications. It uses the 5.56mm M855A1 Enhanced Performance Round (EPR) currently in service with the US military as a reference standard to detail the production capacity, manufacturing cost, mass production progress and high-hardness metal processing of tungsten carbide (piercing armor core material). The US Army may add additional requirements during the production process.

The 6.8mm ammunition will be equipped with a new generation Tungsten Cemented Carbide of rifle tests. It has been greatly improved its power and range and has been adopted by some special operations forces as well as law enforcement units around the world. The ACC said that 6.8mm ammunition will be tested with the US Army's next-generation standard rifle. It is expected to US Army will purchase between 50,000 and 100,000 units new 6.8mm projectiles with a standard production period of approximately 12 to 15 months.

The United States Army’s 120mm mortar is derived from the Israeli K6 mortar. It is powerful, simple and reliable. It is one of the most important support firepower for grassroots infantry in the battle.

The US Army’s testing of the next generation of 120mm mortars and 6.8mm projectiles is in full swing, but recruiting tungsten Tungsten Weights carbide plants and how to persuade United States Congress to pass this budget will be a problem.

First Batch of Tungsten and Rare Earth Ore Mining's Total Control Targets Have Been Issued

The total control targets of rare earth and tungsten solid tungsten carbide rods ore mining will continue to be implemented in 2020, per the relevant regulations on the protection of specific mining types, to protect and rationally develop advantageous mineral resources. In order to serve the production of enterprises, the total control indicators for total mining of rare earth and tungsten mining in 2020 will be issued in two batches. The first batch of indicators will be calculated at 50% of the 2019 annual targets. The annual (second batch) total production control index will be released in a timely manner in the second quarter following relevant national policies and market conditions. According to news from the Ministry of Natural Resources on February 19.

In 2020, the nation's total control targets of rare earth ore (REO) mining indicators of 66,000 tons, of which tungsten carbide bars ionic rare earth ore indicators 9575 tons, rock ore type (light) ore indicators 56425 tons. The first batch of tungsten concentrates (tungsten trioxide content of 65%) is controlled at 52500 tons, of which the main mining target is 39075 tons and the comprehensive utilization target is 13425 tons.

The Ministry of Natural Resources and the Ministry of Industry and Information Technology require relevant provincial-level natural resources, industry and informatization departments to strictly follow the total control targets and do a good job of index breakdown and release. Within 20 working days after the notice is issued, the indicators should be decomposed and reached to the city, county or enterprise. The total amount of rare earth ore mining control indicators should be distributed to six Tungsten Carbide Round Rod mining companies affiliated to the designated group.

Ferro Tungsten Prices in China Remained Weak Adjustment in July

Analysis of latest tungsten market from unground solid tungsten carbide rods Chinatungsten Online

The tungsten powder and ferro tungsten prices in China remained weak adjustment as the demand is difficult to improve in the off season. But supported by tightening availability of raw materials and decreased profits of smelting factories, sellers try to stabilize current offers despite of down stream’s requirement of lower prices and companies’ pressure of price inversion.

In the tungsten concentrate market, participants are rational with wait-and-see attitudes. The market supply Tungsten Carbide Rods Double Holes and demand pattern is difficult to break through. The buyers and sellers remain low trading appetite and the new trading volume is limited. The spot production capacity of tungsten mines is controlled by environmental protection, production reduction and seasonal factors. 

Smelters take fewer orders as terminal Tungsten Cemented Carbide buyers’ replenishment fail to meet market expectations. In addition, Fanya inventories of tungsten are not settled. So the whole market is cautious and product prices have not enough strength to rebound. Now traders purchase mainly according to actual needs.

Prices of tungsten products on July 31, 2019

Picture of tungsten powder 

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