Zhu Xiusheng, deputy chief economist of Jiangxi Rare Earth Metal Tungsten Group Co., Ltd., said recently that the domestic tungsten market was affected by the severe economic situation at home and abroad in the first quarter of this year. In the first quarter, the hard alloy industry, which accounts for more than half of tungsten consumption, has a general operating rate. High, not many orders, cemented carbide production in the first quarter fell by 9.74% year-on-year (this is another year's production in 2009 has seen another negative growth since 2009). In addition, special steel, which accounts for nearly 30% of tungsten consumption, also experienced a slump in the first quarter of this year. In the first quarter of 2012, high-speed tool steel production increased slightly by 8%, and die steel fell by 18%. At the same time, in the first quarter of 2012, China exported 5053.5 tons of tungsten, which was 1196.1 tons less than the 6249.6 tons in the same period of last year, a decrease of 19.1%. According to the statistics of China Nonferrous Metals Association, the output of tungsten concentrate in the first quarter was 30,737 tons, a year-on-year increase of 25.02%. Zhu Xisheng said that demand for tungsten has fallen by a large proportion, while the supply of raw materials has not decreased. This led to the sluggish domestic tungsten market in the first quarter of 2012. The data shows that the monthly average price of tungsten concentrate in the domestic market in March 2012 was 128,000 yuan / ton, which was 0.9 million yuan / ton lower than the average price of 137,000 yuan / ton in December 2011, a decrease of 6.6%; 2012 In March of the year, the average monthly price of ferro-tungsten in the domestic market was 206,200 yuan/ton, which was down by 1.82 million yuan/ton from the average price of 224,500 yuan in December 2011, a decrease of 0.82%. From the situation of the domestic tungsten market in the first half of 2012, it can be said that it is quite difficult. Zhu Xisheng said that the output of high-speed tool steel in special steel products in the first half of this year fell by 9% year-on-year, compared with 19% in the same period last year; the output of die steel fell by 6% year-on-year, compared with 15% in the same period last year. In addition, in the second quarter of this year, the operating rate of cemented carbide enterprises decreased significantly. It is understood that the production of cemented carbide in the first half of the year will decline by more than 1/3. “The output of other tungsten products has also declined. Most of the tungsten chemical companies have stopped production, and tungsten alloy materials companies have also reduced the operating rate.†Zhu Xisheng said bluntly, “The fate is that the domestic non-ferrous metal association announced the domestic production of 57,585 tons of tungsten concentrate in the first half of this year. The year-on-year growth was 16.4%." “In addition, the import volume of 2846.8 tons of tungsten in the first half of 2012 increased by 6.7% year-on-year. The state of oversupply became more serious and the inventory increased significantlyâ€. Zhu Xisheng said that this directly led to a sharp drop in the price of tungsten raw materials. The data shows that the monthly average price of tungsten concentrate in the domestic market in July 2012 has fallen to 113,000 yuan / ton, down 15,000 yuan / ton from the 128,000 yuan in March, down 11.7%; the domestic market tungsten iron month in July The average price was 200,000 yuan / ton, down 0.62 million yuan / ton from March's 260,200 yuan / ton, a decrease of 3%. "The domestic tungsten market will also be spent in the tough winter in the third quarter. With the improvement of the domestic economy in the fourth quarter, the demand for tungsten will slowly recover. The possibility of a good domestic tungsten market in the fourth quarter exists, but The process of market recovery will be slow," Zhu Xisheng finally made the above prediction.
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