Tungsten Industry Annual Report 2020
2021-04-09 16:45:05 【Print】
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Contents
1. Definition, Type, Distribution, Application 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.3.1 Tungsten resource reserve 5
1.3.2 Output ratio and number of operating entities 5
1.3.2.1 Tungsten Concentrate 6
1.3.2.2 Ammonium Paratungstate 6
1.3.2.3 Tungsten powder 6
1.4 Application 6
2．Economy and Policy 7
2.1 Inner Mongolia government announces 2019 tungsten mining quota 7
2.2 Hunan cancels 487 mining rights in 2019 7
2.3 Customs Tariff Commission: To halve additional tariffs on U.S. goods worth USD75 billion 7
2.4 China announces 2020 tungsten ore mining quotas (first batch) 7
2.5 China to issue two environmental measures to support enterprises to commence reoperation 8
2.6 China's central bank to conduct targeted RRR cuts on Mar 16 8
2.7 China raises export rebate rate for more than one thousand products 8
2.8 GACC: Extend approvals for goods temporary imported and exported 8
2.9 Jiangxi releases first municipal green mine standards for tungsten and fluorite mine 8
2.10 MNR to delegate mining rights approval of some mineral resources from 1 May 8
2.11 Jiangxi accelerates building tungsten and rare earth industry core engine 8
2.12 China extends inclusive finance tax exemption by four years 8
2.13 Yunnan releases 2020 first-batch tungsten mining quota decomposition announcement 8
2.14 Customs Tariff Commission releases second additional tariff exclusion list for second batch of U.S. goods 9
2.15 China to dispatch second-batch teams of second-round central environmental inspection to provinces 9
2.16 NDRC prolongs policy for temporarily lowering power cost of enterprises 9
2.17 Environmental groups propose tailings dam safety standards 9
2.18 MEE: To realize zero import of solid waste by end of 2020 9
2.19 MEE: China to ban all solid waste imports in 2021 9
2.20 Hebei provides subsidies to polluting industries for ultra-low emission upgrade 9
2.21 China announces 2020 tungsten ore mining quotas 9
2.22 G20 vows to use all available policy tools to support global economic recovery 10
2.23 CBIRC release eight major policy signals regarding monetary policy, digital currency 10
2.24 Measures introduced in various regions to promote consumption expansion and quality improvement 10
2.25 China to put resources tax law into force from September 1 on 10
2.26 EU makes final anti circumvention ruling on Chinese tungsten electrode 10
2.27 MNR releases China Mining Resources Report 2020 10
2.28 Three authorities release tax rules for COVID-19 force majeure export returned goods 10
2.29 Jiangxi launches pilot work for exemption management of tungsten slag 10
2.30 MFA: Rebuilding Strategic Framework for Healthy and Stable Development of Sino-US Relations 11
2.31 MEE: Announcement on 2020 National Catalogue of Advanced Pollution Prevention and Control Technologies (Solid Waste and Soil Pollution Prevention and Control 11
2.32 State Grid introduces eight measures to ensure safe and reliable power supply 11
2.33 China adjusts import tariffs on some commodities since January 1, 2021 11
3. Market Movements 11
3.1 Domestic market 11
3.1.1 Chinese tungsten concentrate 65%min EXW 11
3.1.2 Chinese APT 88.5%min EXW 12
3.1.3 Chinese tungsten oxide 99.95%min EXW 14
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7μm EXW 15
3.1.5 Chinese tungsten powder 99.95%min 2.5-7μm EXW 16
3.1.6 Chinese ferrotungsten 75%min EXW 17
3.1.7 Chinese ferrotungsten 70%min EXW 18
3.1.8 Chinese tungsten bar 99.9%min EXW 20
3.1.9 Chinese sodium tungstate 68%min EXW 21
3.1.10 Tungsten scrap 22
3.1.10.1 Chinese tungsten grinding swarf scrap W70%min Co5%min Ex-VAT delivered 22
3.1.10.2 Chinese tungsten scrap CNC cutting blade W70%min Ex-VAT delivered 23
3.1.10.3 Chinese tungsten scrap anvil 90%min Ex-VAT delivered 25
3.1.10.4 Chinese tungsten scrap drill 70%min Ex-VAT delivered 26
3.2 Chinese export market 27
3.2.1 Chinese APT 88.5%min FOB 27
3.2.2 Chinese tungsten carbide powder 99.8%min 2.5-7μm FOB 28
3.2.3 Chinese tungsten oxide WO3 99.95%min FOB 30
3.2.4 Chinese ferrotungsten 75%min FOB 31
3.2.5 Chinese tungsten bar W-4 99.9%min FOB 32
3.3 International Market 33
3.3.1 African tungsten concentrate 50%min FOB 33
3.3.2 European APT 88.5%min in Warehouse Rotterdam 35
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 36
3.3.4 Russian ferrotungsten 75%min FOB 37
4．Company News 38
4.1 Jinjiang Tungsten suspends APT production 38
4.2 Luanchuan Changqing Tungsten and Molybdenum production situation 38
4.3 Xinzhou Mining halts tungsten concentrate production 39
4.4 Yaosheng Industry and Trade suspends tungsten carbide powder production 39
4.5 Nonferrous Xintianling Tungsten halts tungsten concentrate production 39
4.6 Rucheng Mineral Products Processing Plant halts tungsten concentrate production 39
4.7 Zhengxing Tungsten delays resumption 39
4.8 Jinxin Tungsten puts off resumption 39
4.9 Ziyun Industrial and Trading halts tungsten concentrate production 39
4.10 Xinfeng Huarui New Material's APT production situation 39
4.11 CMOC: Domestic production of molybdenum and tungsten normal 39
4.12 CMOC announces production guidance for 2020 39
4.13 Xiamen Tungsten to list XTC New Energy on SSE Star Market 40
4.14 Pinxin Mining plans to halt ferrotungsten production 40
4.15 Zhengxing Tungsten plans to halt tungsten carbide powder production 40
4.16 CMOC announces operational results for Q1 2020 40
4.17 Jiangwu H.C. Starck Tungsten Products suspends APT production 40
4.18 Pan Asia Metals passes key approval milestone for Khao Soon Tungsten Project 40
4.19 Xiamen Tungsten intends to acquire a 10% stake in Xiamen Golden Egret 40
4.20 Jiangxi Tungsten and Xiamen Tungsten hold meeting on strategic cooperation 40
4.21 Ganzhou Jiangwu Ferrotungsten resumes ferrotungsten production 40
4.22 Medeli's tungsten carbide CNC materials project settled in Hubei 41
4.23 Xiamen Tungsten receives government subsidies 41
4.24 Ganzhou Jiangwu Ferrotungsten to suspend ferrotungsten production 41
4.25 Xiushuigan North Tungsten Industry halts APT production 41
4.26 Xiamen Tungsten to list Xiamen Tungsten New Energy on SSE 41
4.27 Ganzhou Guanghua Nonferrous Metals stops tungsten powder production 41
4.28 Fujian Xinlu Tungsten Industry enters debugging stage of APT production 41
4.29 Xiushuigan North Tungsten Industry resumes APT production 41
4.30 Luoyang Luanchuan Molybdenum resumes APT production at full capacity 41
4.31 CECEP L&T invites bids for AMT 41
4.32 CTHM intends to acquire 84.9667% of Nanchang Cemented Carbide Company 41
4.33 Zhangyuan Tungsten adds new tungsten mine in H1 41
4.34 Chenzhou Diamond Tungsten Products resumes APT production 42
4.35 Xiamen Tungsten obtains government subsidy of RMB35.73 million 42
4.36 Xinlu Tungsten Industry puts tungsten products deep processing project into production 42
4.37 Ganzhou Jiangwu Ferrotungsten resumes ferrotungsten production 42
4.38 Jiangxi Tungsten successfully develops new generation of intelligent ore sorting machine 42
4.39 Geely to build electric vehicle plant in Chongqing 42
4.40 SAIC-Volkswagen NEV plant goes into operation in Shanghai 42
4.41 CTHM's controlling shareholder changed to Minmetals 42
4.42 Luoyang Luanchuan Molybdenum reduces APT production 43
4.43 Ganzhou HuaXing halts ATP production 43
4.44 Jiangxi Copper starts construction of Kazakhstan tungsten mine project 43
4.45 OKE's IPO approved by China Securities Regulatory Commission 43
4.46 Rising Nonferrous intends to acquire 40% stake in Dabaoshan Mining 43
4.47 Xiamen Tungsten: Wholly-owned subsidiary participates in establishment of fund management company 43
4.48 Jiangwu H.C. Starck Tungsten Products resumes APT production 43
4.49 Pan Asia Metals to start drilling at Minter Tungsten Project 43
4.50 Xiamen Tungsten to participate in the establishment of new material fund 43
4.51 Nanchang Cemented Carbide stops tungsten powder production 43
4.52 Pan Asia Metals intersects tungsten over broad widths at Khao Soon Project 44
4.53 Anhua Xinda Tungsten Molybdenum New Material puts ferrotungsten into production 44
5．Producers Statistics 44
5.1 Chinese tungsten concentrate producers' statistics 44
5.1.1 Chinese tungsten concentrate producers' production capacity in 2020 44
5.1.2 Chinese tungsten concentrate producers' operating rate in 2020 44
5.1.3 Chinese tungsten concentrate producers' output in 2020 45
5.1.4 Chinese tungsten concentrate producers' inventory rate in 2020 45
5.2 Chinese APT producers' statistics 45
5.2.1 Chinese APT producers' production capacity in 2020 45
5.2.2 Chinese APT producers' operating rate in 2020 46
5.2.3 Chinese APT producers' output in 2020 46
5.2.4 Chinese APT producers' inventory rate in 2020 46
5.3 Chinese tungsten carbide producers' statistics 47
5.3.1 Chinese tungsten carbide producers' production capacity in 2020 47
5.3.2 Chinese tungsten carbide producers' operating rate in 2020 47
5.3.3 Chinese tungsten carbide producers' output in 2020 48
5.3.4 Chinese tungsten carbide producers' inventory rate in 2020 48
6.1 China's tungsten concentrate imports in 2020 48
6.2 China's APT exports in 2020 49
6.3 China's tungsten powder exports in 2020 49
6.4 China's tungsten carbide powder exports in 2020 50
6.5 China's tungsten blue exports in 2020 50
6.6 China's tungsten yellow exports in 2020 50
7. Supply and Demand Outlook 51
7.1 Supply 51
7.2 Demand 51
1. Definition, Type, Distribution, Application 5
1.1 Definition 5
1.2 Type 5
1.3 Distribution 5
1.3.1 Tungsten resource reserve 5
1.3.2 Output ratio and number of operating entities 5
1.3.2.1 Tungsten Concentrate 6
1.3.2.2 Ammonium Paratungstate 6
1.3.2.3 Tungsten powder 6
1.4 Application 6
2．Economy and Policy 7
2.1 Inner Mongolia government announces 2019 tungsten mining quota 7
2.2 Hunan cancels 487 mining rights in 2019 7
2.3 Customs Tariff Commission: To halve additional tariffs on U.S. goods worth USD75 billion 7
2.4 China announces 2020 tungsten ore mining quotas (first batch) 7
2.5 China to issue two environmental measures to support enterprises to commence reoperation 8
2.6 China's central bank to conduct targeted RRR cuts on Mar 16 8
2.7 China raises export rebate rate for more than one thousand products 8
2.8 GACC: Extend approvals for goods temporary imported and exported 8
2.9 Jiangxi releases first municipal green mine standards for tungsten and fluorite mine 8
2.10 MNR to delegate mining rights approval of some mineral resources from 1 May 8
2.11 Jiangxi accelerates building tungsten and rare earth industry core engine 8
2.12 China extends inclusive finance tax exemption by four years 8
2.13 Yunnan releases 2020 first-batch tungsten mining quota decomposition announcement 8
2.14 Customs Tariff Commission releases second additional tariff exclusion list for second batch of U.S. goods 9
2.15 China to dispatch second-batch teams of second-round central environmental inspection to provinces 9
2.16 NDRC prolongs policy for temporarily lowering power cost of enterprises 9
2.17 Environmental groups propose tailings dam safety standards 9
2.18 MEE: To realize zero import of solid waste by end of 2020 9
2.19 MEE: China to ban all solid waste imports in 2021 9
2.20 Hebei provides subsidies to polluting industries for ultra-low emission upgrade 9
2.21 China announces 2020 tungsten ore mining quotas 9
2.22 G20 vows to use all available policy tools to support global economic recovery 10
2.23 CBIRC release eight major policy signals regarding monetary policy, digital currency 10
2.24 Measures introduced in various regions to promote consumption expansion and quality improvement 10
2.25 China to put resources tax law into force from September 1 on 10
2.26 EU makes final anti circumvention ruling on Chinese tungsten electrode 10
2.27 MNR releases China Mining Resources Report 2020 10
2.28 Three authorities release tax rules for COVID-19 force majeure export returned goods 10
2.29 Jiangxi launches pilot work for exemption management of tungsten slag 10
2.30 MFA: Rebuilding Strategic Framework for Healthy and Stable Development of Sino-US Relations 11
2.31 MEE: Announcement on 2020 National Catalogue of Advanced Pollution Prevention and Control Technologies (Solid Waste and Soil Pollution Prevention and Control 11
2.32 State Grid introduces eight measures to ensure safe and reliable power supply 11
2.33 China adjusts import tariffs on some commodities since January 1, 2021 11
3. Market Movements 11
3.1 Domestic market 11
3.1.1 Chinese tungsten concentrate 65%min EXW 11
3.1.2 Chinese APT 88.5%min EXW 12
3.1.3 Chinese tungsten oxide 99.95%min EXW 14
3.1.4 Chinese tungsten carbide powder 99.8%min 2.5-7μm EXW 15
3.1.5 Chinese tungsten powder 99.95%min 2.5-7μm EXW 16
3.1.6 Chinese ferrotungsten 75%min EXW 17
3.1.7 Chinese ferrotungsten 70%min EXW 18
3.1.8 Chinese tungsten bar 99.9%min EXW 20
3.1.9 Chinese sodium tungstate 68%min EXW 21
3.1.10 Tungsten scrap 22
3.1.10.1 Chinese tungsten grinding swarf scrap W70%min Co5%min Ex-VAT delivered 22
3.1.10.2 Chinese tungsten scrap CNC cutting blade W70%min Ex-VAT delivered 23
3.1.10.3 Chinese tungsten scrap anvil 90%min Ex-VAT delivered 25
3.1.10.4 Chinese tungsten scrap drill 70%min Ex-VAT delivered 26
3.2 Chinese export market 27
3.2.1 Chinese APT 88.5%min FOB 27
3.2.2 Chinese tungsten carbide powder 99.8%min 2.5-7μm FOB 28
3.2.3 Chinese tungsten oxide WO3 99.95%min FOB 30
3.2.4 Chinese ferrotungsten 75%min FOB 31
3.2.5 Chinese tungsten bar W-4 99.9%min FOB 32
3.3 International Market 33
3.3.1 African tungsten concentrate 50%min FOB 33
3.3.2 European APT 88.5%min in Warehouse Rotterdam 35
3.3.3 European ferrotungsten 75%min in Warehouse Rotterdam 36
3.3.4 Russian ferrotungsten 75%min FOB 37
4．Company News 38
4.1 Jinjiang Tungsten suspends APT production 38
4.2 Luanchuan Changqing Tungsten and Molybdenum production situation 38
4.3 Xinzhou Mining halts tungsten concentrate production 39
4.4 Yaosheng Industry and Trade suspends tungsten carbide powder production 39
4.5 Nonferrous Xintianling Tungsten halts tungsten concentrate production 39
4.6 Rucheng Mineral Products Processing Plant halts tungsten concentrate production 39
4.7 Zhengxing Tungsten delays resumption 39
4.8 Jinxin Tungsten puts off resumption 39
4.9 Ziyun Industrial and Trading halts tungsten concentrate production 39
4.10 Xinfeng Huarui New Material's APT production situation 39
4.11 CMOC: Domestic production of molybdenum and tungsten normal 39
4.12 CMOC announces production guidance for 2020 39
4.13 Xiamen Tungsten to list XTC New Energy on SSE Star Market 40
4.14 Pinxin Mining plans to halt ferrotungsten production 40
4.15 Zhengxing Tungsten plans to halt tungsten carbide powder production 40
4.16 CMOC announces operational results for Q1 2020 40
4.17 Jiangwu H.C. Starck Tungsten Products suspends APT production 40
4.18 Pan Asia Metals passes key approval milestone for Khao Soon Tungsten Project 40
4.19 Xiamen Tungsten intends to acquire a 10% stake in Xiamen Golden Egret 40
4.20 Jiangxi Tungsten and Xiamen Tungsten hold meeting on strategic cooperation 40
4.21 Ganzhou Jiangwu Ferrotungsten resumes ferrotungsten production 40
4.22 Medeli's tungsten carbide CNC materials project settled in Hubei 41
4.23 Xiamen Tungsten receives government subsidies 41
4.24 Ganzhou Jiangwu Ferrotungsten to suspend ferrotungsten production 41
4.25 Xiushuigan North Tungsten Industry halts APT production 41
4.26 Xiamen Tungsten to list Xiamen Tungsten New Energy on SSE 41
4.27 Ganzhou Guanghua Nonferrous Metals stops tungsten powder production 41
4.28 Fujian Xinlu Tungsten Industry enters debugging stage of APT production 41
4.29 Xiushuigan North Tungsten Industry resumes APT production 41
4.30 Luoyang Luanchuan Molybdenum resumes APT production at full capacity 41
4.31 CECEP L&T invites bids for AMT 41
4.32 CTHM intends to acquire 84.9667% of Nanchang Cemented Carbide Company 41
4.33 Zhangyuan Tungsten adds new tungsten mine in H1 41
4.34 Chenzhou Diamond Tungsten Products resumes APT production 42
4.35 Xiamen Tungsten obtains government subsidy of RMB35.73 million 42
4.36 Xinlu Tungsten Industry puts tungsten products deep processing project into production 42
4.37 Ganzhou Jiangwu Ferrotungsten resumes ferrotungsten production 42
4.38 Jiangxi Tungsten successfully develops new generation of intelligent ore sorting machine 42
4.39 Geely to build electric vehicle plant in Chongqing 42
4.40 SAIC-Volkswagen NEV plant goes into operation in Shanghai 42
4.41 CTHM's controlling shareholder changed to Minmetals 42
4.42 Luoyang Luanchuan Molybdenum reduces APT production 43
4.43 Ganzhou HuaXing halts ATP production 43
4.44 Jiangxi Copper starts construction of Kazakhstan tungsten mine project 43
4.45 OKE's IPO approved by China Securities Regulatory Commission 43
4.46 Rising Nonferrous intends to acquire 40% stake in Dabaoshan Mining 43
4.47 Xiamen Tungsten: Wholly-owned subsidiary participates in establishment of fund management company 43
4.48 Jiangwu H.C. Starck Tungsten Products resumes APT production 43
4.49 Pan Asia Metals to start drilling at Minter Tungsten Project 43
4.50 Xiamen Tungsten to participate in the establishment of new material fund 43
4.51 Nanchang Cemented Carbide stops tungsten powder production 43
4.52 Pan Asia Metals intersects tungsten over broad widths at Khao Soon Project 44
4.53 Anhua Xinda Tungsten Molybdenum New Material puts ferrotungsten into production 44
5．Producers Statistics 44
5.1 Chinese tungsten concentrate producers' statistics 44
5.1.1 Chinese tungsten concentrate producers' production capacity in 2020 44
5.1.2 Chinese tungsten concentrate producers' operating rate in 2020 44
5.1.3 Chinese tungsten concentrate producers' output in 2020 45
5.1.4 Chinese tungsten concentrate producers' inventory rate in 2020 45
5.2 Chinese APT producers' statistics 45
5.2.1 Chinese APT producers' production capacity in 2020 45
5.2.2 Chinese APT producers' operating rate in 2020 46
5.2.3 Chinese APT producers' output in 2020 46
5.2.4 Chinese APT producers' inventory rate in 2020 46
5.3 Chinese tungsten carbide producers' statistics 47
5.3.1 Chinese tungsten carbide producers' production capacity in 2020 47
5.3.2 Chinese tungsten carbide producers' operating rate in 2020 47
5.3.3 Chinese tungsten carbide producers' output in 2020 48
5.3.4 Chinese tungsten carbide producers' inventory rate in 2020 48
6.1 China's tungsten concentrate imports in 2020 48
6.2 China's APT exports in 2020 49
6.3 China's tungsten powder exports in 2020 49
6.4 China's tungsten carbide powder exports in 2020 50
6.5 China's tungsten blue exports in 2020 50
6.6 China's tungsten yellow exports in 2020 50
7. Supply and Demand Outlook 51
7.1 Supply 51
7.2 Demand 51
