Yesterday, tungsten products market was still warmer, and there is a certain degree of difficulty for several major raw material enterprises to purchase. Tungsten enterprises’ trading confidence got further support, and their motion of cherish goods are high, making prices increasing.

Under the influence of supply side, the recent domestic tungsten concentrate prices constantly have a slight growth trend. 

International aspects, the PMI of British Market services in June hit low points for four months, which may weaken efforts of British Bank to turn to Eagle. 

Domestic rare earths prices are still stable. Due to the decline of low-cost resources, the price of dysprosium oxide increased, which is expected to be limited.

Yesterday, Ganzhou Tungsten Industry Association announced the domestic tungsten forecast price of July.

In May the exports of tungsten products hit a 6 year one-month records high, becoming the third consecutive month of export volume that exceed 2500 tons of tungsten products (excluding the amount of metal, hard alloy, the same below).

The situation of praseodymium neodymium rare earth products continues to go upward, businesses show great interests in storing goods.And other varieties of transient remain stability. 

After a slight growth at the beginning of the week, the mainstream price of domestic tungsten products returned to calm.

Yesterday, the tungsten market continued to heat up, and the information that tungsten prices have rebounded spreaded further. 

Tungsten market officially ended its month-long weak situation yesterday. The local stocking which began last week, was recognized by yesterday’s spot market.