A Brief Analysis of China's Tungsten Export in 2019

       History is not a mirror. It is a flower that blossoms and falls. We can learn more from A brief analysis of January export data, we used to compare with the same period last year,this paper from the aspects of exports and export price, export data on foreign demand situation in January, this is a pure data stack, is worth us deep thinking, this article is only from the perspective of tungsten thin, slightly shallow hope to communicate with the professionals in the industry.

China exported 28,06.8 tons of tungsten products in January, a year-on-year increase of 6.6 percent. In view of this, although the overall economic environment is not optimistic, the export of tungsten products in January this year is still rising. Tungsten trioxide, APT, tungsten carbide, tungsten powder and ferrotungsten are described as follows:



In terms of export volume, China exported 4.1 tons of tungstic acid, 228.574 tons of ammonium metatungstate, 1.725 tons of sodium tungstate, 481 tons of tungsten trioxide, 301.45 tons of APT, 361.589 tons of tungsten carbide, 380.77 tons of tungsten powder and 93.7 tons of ferrotungsten in January.



From the perspective of export countries: Japan, South Korea, the United States and the Netherlands as the main export destinations. Tungsten trioxide exports: 40 tons for Israel, 210 tons for Japan, 211 tons for South Korea and 20 tons for the Netherlands. In the raw materials category, exports to Japan and South Korea last year were 100 tons and 96 tons respectively, while exports to the Netherlands were about 142 tons. APT exports: Japan 80 tons, Vietnam 39.45 tons, the Netherlands 180 tons, export within 10 tons only Uruguay 2 tons, January exports to the United States, Germany is 0. That's an 11 percent drop from 340 tons a year ago. Tungsten carbide: mainly exported to Japan, South Korea, Germany and the United States, including 129.83 tons exported to Japan, 84.4 tons exported to South Korea, Germany 67.6 tons, 42 tons exported to the United States. Compared with the same period last year, 610.6 tons, a decrease of 40.78 percent. Tungsten powder: among 380 tons of exports, Japan and South Korea and the United States are the main exporters, including 132 tons to the United States, 119 tons and 106 tons to Japan and South Korea. Ferrotungsten: of the 63.7 tons exported, the main exporter is still the Netherlands -50 tons. In the same period last year, exports to the Netherlands were 72 tons, to Japan 85 tons, and to the United States 65 tons.



From the perspective of export price: tungsten trioxide: the total price in January was $13.2429 million, with an average price of $27,531.98 / ton (the average price of tungsten trioxide exported in January was nearly 190,000 yuan/ton). The total export volume increased by 31.22 percent compared with the same period of last year. APT: the total price in January was usd 6.947 million, with an average price of usd 23,045.59 / ton (the average export price in January was RMB 15.87 / ton, while the domestic sales price in the same period was RMB 152,000 / ton), which was 9.1 percentage points lower than the average price in the same period of last year. Tungsten carbide: the total price in January was 14.7348 million us dollars, with an average price of 40,750.17 us dollars per ton (the average export price of tungsten carbide in January was 281,000 yuan per ton, while the domestic sales price was 235,000 yuan per ton during the same period), which was 39.44 percent lower than the average price in the same period of last year. Tungsten powder: the total price in January was $15.4299 million, with an average price of $40,522.9 / ton (the average export price of tungsten powder in January was RMB 278,800 / ton, and the domestic sales price was RMB 238,000 / ton during the same period). Compared with the export value in the same period of last year, the price increased by 139 percent. Ferrotungsten: the total price in January was $1,518,700, with an average price of $23,841.63 / ton (the average export price of ferrotungsten in January was rmb164,200 / ton, while the domestic sales price was RMB162,000 / ton during the same period). Compared with the total export in the same period of last year, the price decreased by nearly 80 percent.



Amount from the total amount of export, export and export destination comparison, although the public opinion, factories and traders have said in tungsten - demand shrinking, but from exports slightly ascending, compared with the same period last year January's foreign demand is better than imagined, export price a little higher than tungsten products sale in domestic market price of the same period, total exports, except the tungsten powder and tungsten trioxide increase slightly, the rest have fallen; The differences in export destinations also reflect a decline in European demand compared with the same period last year, with little change in demand from Japan and South Korea.