Phased opportunity for stocks in tungsten industry

With the callback of metal price and economic downturn in China, America and Europe, the potential to rise in metal price still exists, and it needs waiting to see. Profit opportunity comes from new materials and some individual shares, especially tungsten. Two factor driving the moderately increase in tungsten price, that is: Merchants have become reluctant to sell due to the State Reserve Bureau purchasing news, the downstream customers maintained low inventory in early stock and has been buying again. Tungsten concentrate is expected to moderately increase to RMB 140,000 per ton from RMB 120,000 per ton and maintain for several months. However, if the economy doesn’t get any better, it will fall in the future. Thus, there may exist a phased opportunity for stocks in tungsten industry.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Tungsten market: light deals yet with news support

It was said several days ago that State Reserve Bureau planned to purchase a large volume of tungsten ores on Minmetals’ behalf. However, according to our observations, there are no obvious fluctuations in the tungsten ore market. Thus, the afternoon market is variable. As for the APT market, deals are light and quotations are random, causing difficulties in placing orders for firms. We expect a short-term rise in prices of raw materials of tungsten ores as the result of SRB’s purchasing news. 

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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Zigong Cemented Carbide Company survived the earthquake

A 7.0-magnitude earthquake struck Lushan County, Ya’an City, Sichuan Province at 8:02 on April 20th, 2013 at a depth of 13km.

As located in Zigong County, Sichuan Province, a greater far away from the earthquake epicenter, though tremors can be felt, Zigong Cemented Carbide Company survived the earthquake without casualties and property losses. The company is operating normally at present.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
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8th China Tungsten Industry Association Work Conference on Information Statistics

China Tungsten Industry Association Work Conference on Information Statistics was held in Nanchang on April 12th. The conference mainly included exchanging experience, summarizing association work on information statistics last year, studying and deciding the work on information statistics and the editing of yearbook for China Tungsten Industry in 2013, and recognizing excellent information statisticians.

Zhang Chunming, the standing Vice-President of China Tungsten Industry Association, hosted the conference and gave a concluding talk. Zhang Shuning, the statistician of the Information Statistic Department, China Non-ferrous Metals Industry Association, Kong Zhaoqing, the adviser and original standing Vice-President of China Tungsten Industry Association attended the conference and gave speeches. More than 50 people including member unit leaders and information statisticians attended.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com


 

Zhangyuan Tungsten planned an yearly revenue of 2 billion

Zhangyuan Tungsten held its annual shareholder meeting on April 20th, and passed several bills smoothly. The company got a net profit of 132,000,000 yuan, 54.11% less than the previous year. As the industry recovers this year, price of tungsten products has started to increase, and the company plans an yearly sales revenue of 2 billion and recovery growth in business performance.

Zhangyuan Tungsten has remarkable advantages on resource, with 4 mines having mining rights and 6 diggings having exploration rights. It has scored remarkable exploration achievements in recent years. Phasic progress was made in three mined mines and an un-mined mine, benefiting the company to increase the period of mining service to stockpile sufficient resources for further mining.

Zhangyuan Tungsten is one of the few manufacturers with a complete industrial chain in Chinese tungsten industry, having a strong ability to resist risks.

 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com


 

 

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