Tungsten market: Most tungsten products export tariffs canceled ferrotungsten increasingly active traders mentality, tungsten ore cargo operators reluctant to sell sentiment thicker, is expected to post increased raw material procurement or tungsten prices will gradually stabilized, remain relatively strong, especially restricted by high tariffs tungsten iron products, tungsten iron demand will improve, post-tungsten market or a slight rebound.

Molybdenum market: molybdenum export tariffs next month is canceled, but the current market sentiment remains bearish doctrinal end of molybdenum concentrate market demand is low, the buyer continues to keep the prices down. Bidding few mills, iron-molybdenum market price tends to be low, short-term market is expected to remain weak.

Most tungsten abolish export duties, becoming active traders mentality tungsten iron, tungsten ore cargo operators reluctant to sell sentiment thicker, is expected to post an increase procurement of raw materials or tungsten prices will gradually stabilized, post or a slight rebound.

Macro level, 24 provincial sun a quarter report card: 21 provincial GDP growth fell; Li again urged banks drop charges: to help companies climbing over the ridge; April HSBC PMI fell to a year low of initial value.


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Tungsten market: Tungsten city rich sentiment, market more tentative inquiry, spot transaction still is slightly stalemate, but by the cost of support, the price gradually stabilized stabilized, late this week or temporarily weak tungsten prices stabilize. Domestic tungsten prices continue to slow down, step by step, tungsten business confidence falling, abolish export tariffs, which the city is undoubtedly in Every long drought Gan Lin tungsten, tungsten operating space relative increase in the price of tungsten or gradually stabilized stabilized, remained relatively strong, especially by high tariffs limit tungsten iron products, post ferrotungsten demand or would improve.

Molybdenum market: market operations enthusiasm waned, manufacturers and distributors negative attitude bearish mood darker, determined to delays in the procurement of the business plan also led to the end of the market was deserted, lower prices widespread. Short-term market is expected to remain weak.


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Tungsten city rich sentiment, market more tentative inquiry, spot transaction still is slightly stalemate, but by the cost of support, the price gradually stabilized stabilized in the market weaker moment, APT prices ore prices to fall, resulting in APT price upside down smelter home production / sales initiative are low, more temporary wait and see, the market is expected to post a tungsten or temporarily vulnerable stabilization.

Macro, bank card clearing market opening in June, 12-year monopoly situation CUP end; refined oil prices increase is a foregone conclusion tomorrow, or about 260 yuan / ton; forcing the central bank to drop to new lows in foreign exchange quasi-hedge.


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Customs Tariff Commission of the State Council on the adjustment of export tariffs on some products

Tax Authority [2015] No. 3

General Administration of Customs:

State Council approved the adjustment of some products export duties, as follows:

First, the elimination of export tariffs on steel particles, rare earths, tungsten, molybdenum, and other products.

Tungsten ore buyers continued to depress the inquiry, the inquiry is currently tungsten concentrate almost all less than 80,000 yuan, and then more than 60 degrees wolframite actual turnover is still concentrated in the vicinity of 81 000, the material or the recent stabilization of the main ore price, but the risk is still slightly lower.

Macro level, by way of the State Council meeting, the infrastructure sector to private capital to open the door; domestic oil prices rising for a Friday or usher in two: rose about 0.2 yuan per liter; RMB exchange rate rose in early levels.


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Tungsten market: Tungsten overall market demand is still sluggish, businesses generally bearish, but because the price of tungsten has almost bottomed out, the spot market increased exploratory inquiry, buyers and sellers on the payment, shipping, etc. responsible for stalemate. Tungsten ore buyers continued to depress the inquiry, the inquiry is currently tungsten concentrate almost all less than 80,000 yuan, and then more than 60 degrees wolframite actual turnover is still concentrated in the vicinity of 81 000, the material or the recent stabilization of the main ore price, But the risk is still slightly lower.

CNR network Ganzhou April 21 news (Ganzhou Taiwan reporter Zhou Liang), according to Voice of China "CNR News" reported that Ganzhou is "rare earth kingdom", "world tungsten", now, Ganzhou Rare earths, tungsten, new materials and application industry The main business revenue has To break one hundred billion yuan mark, becoming the first Ganzhou main business income of over one hundred billion yuan of industrial clusters.

This morning reporter visited the Jiangxi Ganzhou, Jiangxi Jinli Yong magnetic and Australia Ketai tools, which are two Ganzhou tungsten and rare earth leading companies. Jiangxi Jinli Yong Magnetic is the world's largest professional manufacturer of copper aluminum and iron. Ganzhou Australia Ketai is engaged in the production of high-end tools, carbide and high-tech enterprises. Currently Ganzhou has formed a mining, smelting, processing and applications of rare earth-train, tungsten industry pattern, forming a group of industry leaders and excellent companies, and in this month, Ganzhou Rare Earth Group led the formation of the South China Rare Earth Group, the May has been formally established, Ganzhou Rare Earth become the country's development and utilization of a unique pilot cities. Ganzhou Rare Earth and tungsten in the construction industry chain which has a relatively complete.


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Tungsten market: Tungsten overall market demand is still low, turnover is not active, businesses generally bearish, but because the price of tungsten has almost bottomed out, the spot market increased exploratory inquiry, buyers and sellers on the payment, shipping, etc. responsible for stalemate, thinly traded, temporarily weak ore prices stabilize. APT tungsten concentrate price and the price inversion phenomenon still exists, procurement and sales can not be effectively released. Tungsten prices are expected in the short term with little hope.

The domestic market is relatively stable trend tungsten, tungsten ore price volatility is not, demand is still weak, and no amplification deal. Scheelite, the 65% price wolframite 8.3-8.5 yuan / ton, the average price fell compared with the previous weekend 2,000 yuan / ton; 55% wolframite price of 8.5-8.7 yuan / ton, were price over the last weekend down 2000 yuan / ton.

Last week, the market price of tungsten raw materials continued weak stalemate, turnover is not active, most companies are still on the sidelines. APT tungsten concentrate price and the price inversion phenomenon still exists, procurement and sales can not be effectively released. Asian investment bank and successfully advance "along the way" program will provide the market outlook, great imagination, but the current fundamentals, without a good voice. Buyers and sellers slightly stalemate, demand is weak, weak turnover, weak mentality.


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