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Tungsten was to restore momentum in export demand, export price rise

Posted by: Chris Na 2021-11-02 Comments Off on Tungsten was to restore momentum in export demand, export price rise

tungsten was to restore momentum in export demand, export price rise

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Category: Tungsten’s News
Published on Thursday, 17 April 2014 16:16

Since 2011 , tungsten demand continues to slump , especially overseas manufacturing downturn, tungsten consumption fell again , tungsten exports in 2012 decreased by 20% , in 2013 the amount of tungsten exports fell 21% again. Entered into after 2014 , the trend of decline in exports of tungsten product has ceased, and in January , tungsten exports grew 23% , to February , the total amount of tungsten exports have risen by 32%. Tungsten has seen demand for exports regain momentum , China's exports of tungsten export markets have shown signs of improvement , supplier raised the export offer.

Signs of improvement in China's export market is mainly for two reasons :

On the one hand , overseas economic track to recovery , especially in the recovery efforts in the U.S. manufacturing sector , the automotive industry and the real estate industry is still very strong, the EU also has entered the expansion phase manufacturing , real estate and automotive industries also signs of improvement now . Experienced a downturn after two or three years , overseas demand for tungsten has the potential to rebound .

On the other hand , the domestic economic growth slowing , demand continues to slump tungsten , tungsten price in 2013 was supported by Minmetals lot of purchasing and storage and upward , since 2014 , such as the delay in action Minmetals , coupled with the accumulation of tungsten concentrate inventory compared large domestic market volume was light , qualified businesses export situation more steering recovery in overseas markets .

Tungsten is the country 's dominant species , tungsten industry concentration is high, for control of the market is relatively strong, with overseas demand is also transferred , along with the export price definitely upward.

It is understood that the recent Chinese export market slightly upward , APT export prices up $ 5-10 / t degrees , Rotterdam to shore , DDP concentrated at $ 360-375 / t degrees.

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