- OverviewMore
- In 2015, the global economy has experienced the most complex year with all kinds of potential risks interwoven. The European Central Bank adopted a policy of quantitative easing, which led to the Euro constantly depreciating. The American economy has shown weakness in terms of growth and emerging economies in Asia have seen a slowdown in the pace of economic growth. Commodity prices have been on a downward trend in general due to the sluggish global economy and the Chinese tungsten market has been no exception. Prices for tungsten have shifted downward due to poor demand from end users.
- The Chinese tungsten market has continued to show a weak trend with no improvement in terms of demand from end-users being seen since the second half of 2014. Prices kept falling until they dropped below cost lines. However, affected by news of the national reserve and moves by key producers to suspend production in a bid to keep prices from falling further, tungsten concentrate prices bottomed out and were soaring at the end of 2015. Although prices for APT and tungsten powder have risen accordingly, selling prices for smelting products are still lower than the purchase prices due to the low level of consumption from the downstream hard alloy sector and thus smelting and processing enterprises are having a hard time. Furthermore, overseas consumers continue to postpone replenishments with a strong wait-and-see attitude regarding the market outlook, resulting in a stagnating situation in the export market for tungsten products.
- ContentMore
- -- In China’s tungsten industry, raw material prices broke free of a sluggish overall market in late 2015 and shot up; can the momentum be maintained well into 2016?
- -- Although export tax was lifted back in May 2015, the Chinese tungsten export market didn’t recover as expected. In the face of persistently poor global demand, how might Chinese tungsten exporters expand the market and optimize the export structure?
- -- In recent years, to challenge the Chinese monopoly on tungsten materials, a batch of tungsten ore programs and tungsten product plants have been established outside of China and will be put into operation in 2016. Will this make much of a difference to the global tungsten market supply pattern?
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- Maggie Lee
- Tel: +86-10-59080011/22/33/44 892
- Fax: +86-10-59080044-801
- Mp: +86-13718240662
- Email: maggie@asianmetal.com
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