Tungsten Metal Supply And Demand Are Under Tension Maintain

80% of tungsten application is in the rapid development of tungsten carbide, special steel products, high-tech manufacturing, and industrial upgrading, which may accelerate the demand of downstream products.

We expect 2012 export quotas for tungsten ore mining is still tense, the state purchasing and storage resources of tungsten metal is a high probability event, it will be well supported tungsten price. In addition, the international market demand for tungsten remained stable, there are no significant declines in economic conditions, and foreign tungsten prices will remain high. Tungsten export quotas have been strained since last year many times. Since China's increasing tightened control of strategic metals export quotas, in recent years, the tension may appear again, pushing the foreign price of tungsten and cause certain supports to domestic tungsten price.

As for supply side, China accounted for 70% of global reserves of tungsten, tungsten mining are subject to annual total quantity limit, so the supply of tungsten has always been limited. Since the beginning of the year, market demand is relatively stable with insufficient supply and high production costs, tungsten, APT and tungsten iron prices keep rising trend. With the price of tungsten get into high, intermediate traders began selling short stocks, making the price of tungsten into the trend of adjustment. Third quarter, U.S. and European companies make up inventory, which made tungsten price back to the high level. But on the background that the economic slowdown at home and abroad, tungsten price get adjusted in third quarter, until the recent drop and suppliers do not want to sell, then price get some support. Downstream demand remains relatively strong, and tight supply and demand is expected to maintain.

About us

Bango Alloy was established in Oct.2001 with a Sino-foreign joint venture background. We specialize in manufacturing and processing high-density tungsten heavy alloy, tungsten copper alloy, tungsten carbide, tungsten silver and other tungsten related products, which are widely applied in medical equipments, machining industry, vehicle and other industrial fields. We are proud of our advanced manufacturing process, rigorous quality control system as well as technical support from first-class university. We employed MIM and pressing technique, which allow us manufacturing high-density heavy alloy products and the BIG parts for radiation shielding, aerospace parts and ammunition industry.

Standardization and continuous improvement is the very work criterion we always adhere to while achieving the best to meet customers' need. For past a decade, we have build up firm business relationship with a number of multi-national corporations. We believe we can serve you with our products with excellent working performance at the most competitive price. We are looking forward to a strategic partnership between both of us in the coming future!