Monthly Tungsten Market Report Mar 2024
2024-04-19 11:54:25 【Print】
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Contents
1. Market Highlights 2
2. Economy and Policy 3
2.1 China sets first tungsten ore mining quota for 2024 3
2.2 Nigeria to grant mining licences only to companies that process locally 3
2.3 Henan expects nonferrous industry to peak carbon emissions by 2030 3
3. Market Movements 3
3.1 Market Movements in China 3
3.1.1 Chinese tungsten concentrate 65%min price trend EXW 3
3.1.2 Chinese APT 88.5%min EXW price trend 3
3.1.3 Chinese tungsten oxide 99.95%min EXW price trend 3
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7.0μm EXW price trend 4
3.1.5 Chinese tungsten powder 99.95%min 2.5-7.0μm EXW price trend 4
3.1.6 Chinese ferrotungsten 75%min EXW price trend 4
3.1.7 Chinese ferrotungsten 70%min EXW price trend 4
3.1.8 Chinese tungsten bar 99.9%min EXW price trend 4
3.1.9 Chinese sodium tungstate 68%min EXW price trend 5
3.1.10 Chinese tungsten grinding sward scrap W70%min Co5%min Ex-VAT delivered price trend 5
3.1.11 Chinese tungsten scrap CNC cutting blade W70%min Ex-VAT delivered price trend 5
3.1.12 Chinese tungsten scrap anvil 90%min Ex-VAT delivered price trend 5
3.1.13 Chinese tungsten scrap drill 70%min Ex-VAT delivered price trend 5
3.2 Export Market Movements 6
3.2.1 APT 88.5%min FOB China price trend 6
3.2.2 Tungsten carbide powder 99.8%min 2.5-7.0μm FOB China price trend 6
3.2.3 Tungsten oxide WO3 99.95%min FOB China price trend 6
3.2.4 Ferrotungsten 75%min FOB China price trend 6
3.2.5 Tungsten bar W-4 99.9%min FOB China price trend 6
3.3 Market Movements Abroad 7
3.3.1 Tungsten concentrate 50%min FOB Africa price trend 7
3.3.2 European APT 88.5%min in Warehouse Rotterdam price trend 7
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam price trend 7
3.3.4 Russian ferrotungsten 75%min FOB price trend 7
4. Producers Statistics 7
4.1 Data on Tungsten Concentrate 7
4.1.1 Chinas tungsten concentrate producers operating rate up by 20.52% MOM in Mar 7
4.1.2 Chinas tungsten concentrate producers output up by 20.52% MOM in Mar 8
4.1.3 Chinas tungsten concentrate producers stocks down by 1.67% MOM in Mar 8
4.2 Data on APT 9
4.2.1 Chinas APT producers operating rate up by 27.14% MOM in Mar 9
4.2.2 Chinas APT producers output up by 27.15% MOM in Mar 9
4.2.3 Chinas APT producers stocks up by 20% YOY in Mar 9
4.3 Data on tungsten carbide powder 10
4.3.1 Chinas tungsten carbide powder producers operating rate up by 17.81% MOM in Mar 10
4.3.2 Chinas tungsten carbide powder producers output up by 37.52% MOM in Mar 10
4.3.3 Chinas tungsten carbide powder producers stocks down by 14.29% YOY in Mar 11
5. Import and Export Statistics
5.1 Chinas ammonium paratungstate export volume declined 64.40% YoY in Feb 2024 11
5.2 Chinas tungsten carbide export volume fell 50.27% MoM in Feb 2024 11
5.3 Chinas tungsten powders export volume declined 76.94% YoY in Feb 2024 12
5.4 Chinas blue tungsten oxide export volume rose 135.3% YoY in Feb 2024 12
5.5 Chinas yellow tungsten oxide export volume declined 59.93% YoY in Feb 2024 13
6. Relevant Industry News 13
6.1 Automotive industry 13
6.2 Petrochemical Industry 13
7 Market Outlook for Next Month 13
7.1 Chinese Market 13
7.1.1 Chinese tungsten concentrate WO3 65%min EXW 13
7.1.2 Chinese APT 88.5%min EXW 14
7.1.3 Chinese tungsten oxide WO3 99.95%min EXW 14
7.1.4 Chinese tungsten powder 99.95%min 2.5-7μm EXW 14
7.1.5 Chinese tungsten carbide powder 99.8%min 2.5-7.0μm EXW 14
7.1.6 Chinese tungsten bar 99.9%min EXW 14
7.1.7 Chinese sodium tungstate WO3 68%min EXW 14
7.1.8 Chinese ferrotungsten 70%min EXW 14
7.1.9 Chinese ferrotungsten 75%min EXW 14
7.1.10 Chinese tungsten grinding sward scrap 70%min Co 5%min Ex-VAT delivered 14
7.1.11 Chinese tungsten scrap CNC cutting blade 70%min Ex-VAT delivered 14
7.1.12 Chinese tungsten scrap anvil 90%min Ex-VAT delivered 14
7.1.13 Chinese tungsten scrap drill 70%min Ex-VAT delivered 14
7.2 Export Market Movements 14
7.2.1 APT 88.5%min export market FOB China 14
7.2.2 Tungsten carbide powder 99.8%min 2.5-7.0μm FOB China 14
7.2.3 Tungsten oxide WO3 99.95%min FOB China 14
7.2.4 Ferrotungsten 75%min FOB China 14
7.2.5 Tungsten bar 99.9%min FOB China 15
7.3 International Market 15
7.3.1 Tungsten concentrate 50%min FOB Africa 15
7.3.2 European APT 88.5%min in Warehouse Rotterdam 15
7.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 15
7.3.4 Ferrotungsten 75%min FOB Russia 15
1. Market Highlights 2
2. Economy and Policy 3
2.1 China sets first tungsten ore mining quota for 2024 3
2.2 Nigeria to grant mining licences only to companies that process locally 3
2.3 Henan expects nonferrous industry to peak carbon emissions by 2030 3
3. Market Movements 3
3.1 Market Movements in China 3
3.1.1 Chinese tungsten concentrate 65%min price trend EXW 3
3.1.2 Chinese APT 88.5%min EXW price trend 3
3.1.3 Chinese tungsten oxide 99.95%min EXW price trend 3
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7.0μm EXW price trend 4
3.1.5 Chinese tungsten powder 99.95%min 2.5-7.0μm EXW price trend 4
3.1.6 Chinese ferrotungsten 75%min EXW price trend 4
3.1.7 Chinese ferrotungsten 70%min EXW price trend 4
3.1.8 Chinese tungsten bar 99.9%min EXW price trend 4
3.1.9 Chinese sodium tungstate 68%min EXW price trend 5
3.1.10 Chinese tungsten grinding sward scrap W70%min Co5%min Ex-VAT delivered price trend 5
3.1.11 Chinese tungsten scrap CNC cutting blade W70%min Ex-VAT delivered price trend 5
3.1.12 Chinese tungsten scrap anvil 90%min Ex-VAT delivered price trend 5
3.1.13 Chinese tungsten scrap drill 70%min Ex-VAT delivered price trend 5
3.2 Export Market Movements 6
3.2.1 APT 88.5%min FOB China price trend 6
3.2.2 Tungsten carbide powder 99.8%min 2.5-7.0μm FOB China price trend 6
3.2.3 Tungsten oxide WO3 99.95%min FOB China price trend 6
3.2.4 Ferrotungsten 75%min FOB China price trend 6
3.2.5 Tungsten bar W-4 99.9%min FOB China price trend 6
3.3 Market Movements Abroad 7
3.3.1 Tungsten concentrate 50%min FOB Africa price trend 7
3.3.2 European APT 88.5%min in Warehouse Rotterdam price trend 7
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam price trend 7
3.3.4 Russian ferrotungsten 75%min FOB price trend 7
4. Producers Statistics 7
4.1 Data on Tungsten Concentrate 7
4.1.1 Chinas tungsten concentrate producers operating rate up by 20.52% MOM in Mar 7
4.1.2 Chinas tungsten concentrate producers output up by 20.52% MOM in Mar 8
4.1.3 Chinas tungsten concentrate producers stocks down by 1.67% MOM in Mar 8
4.2 Data on APT 9
4.2.1 Chinas APT producers operating rate up by 27.14% MOM in Mar 9
4.2.2 Chinas APT producers output up by 27.15% MOM in Mar 9
4.2.3 Chinas APT producers stocks up by 20% YOY in Mar 9
4.3 Data on tungsten carbide powder 10
4.3.1 Chinas tungsten carbide powder producers operating rate up by 17.81% MOM in Mar 10
4.3.2 Chinas tungsten carbide powder producers output up by 37.52% MOM in Mar 10
4.3.3 Chinas tungsten carbide powder producers stocks down by 14.29% YOY in Mar 11
5. Import and Export Statistics
5.1 Chinas ammonium paratungstate export volume declined 64.40% YoY in Feb 2024 11
5.2 Chinas tungsten carbide export volume fell 50.27% MoM in Feb 2024 11
5.3 Chinas tungsten powders export volume declined 76.94% YoY in Feb 2024 12
5.4 Chinas blue tungsten oxide export volume rose 135.3% YoY in Feb 2024 12
5.5 Chinas yellow tungsten oxide export volume declined 59.93% YoY in Feb 2024 13
6. Relevant Industry News 13
6.1 Automotive industry 13
6.2 Petrochemical Industry 13
7 Market Outlook for Next Month 13
7.1 Chinese Market 13
7.1.1 Chinese tungsten concentrate WO3 65%min EXW 13
7.1.2 Chinese APT 88.5%min EXW 14
7.1.3 Chinese tungsten oxide WO3 99.95%min EXW 14
7.1.4 Chinese tungsten powder 99.95%min 2.5-7μm EXW 14
7.1.5 Chinese tungsten carbide powder 99.8%min 2.5-7.0μm EXW 14
7.1.6 Chinese tungsten bar 99.9%min EXW 14
7.1.7 Chinese sodium tungstate WO3 68%min EXW 14
7.1.8 Chinese ferrotungsten 70%min EXW 14
7.1.9 Chinese ferrotungsten 75%min EXW 14
7.1.10 Chinese tungsten grinding sward scrap 70%min Co 5%min Ex-VAT delivered 14
7.1.11 Chinese tungsten scrap CNC cutting blade 70%min Ex-VAT delivered 14
7.1.12 Chinese tungsten scrap anvil 90%min Ex-VAT delivered 14
7.1.13 Chinese tungsten scrap drill 70%min Ex-VAT delivered 14
7.2 Export Market Movements 14
7.2.1 APT 88.5%min export market FOB China 14
7.2.2 Tungsten carbide powder 99.8%min 2.5-7.0μm FOB China 14
7.2.3 Tungsten oxide WO3 99.95%min FOB China 14
7.2.4 Ferrotungsten 75%min FOB China 14
7.2.5 Tungsten bar 99.9%min FOB China 15
7.3 International Market 15
7.3.1 Tungsten concentrate 50%min FOB Africa 15
7.3.2 European APT 88.5%min in Warehouse Rotterdam 15
7.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 15
7.3.4 Ferrotungsten 75%min FOB Russia 15
