Today Minmetals and Ganzhou Tungsten Association December guided forthcoming, combined merchant capital flows nervous today tungsten rich city of sentiment, spot transactions in more stalemate, although there are inquiries, but almost no turnover. Despite weak tungsten offer temporary maintenance of stability, but the market is generally bearish outlook, the latter is still hard to stop the decline in the price of tungsten.

It is understood that there are a small number of inquiries on the market, but the purchaser continues down a tentative inquiry, 55-60 degrees scheelite has 7.8-8 yuan / ton in the inquiry, and there is still depressed trend, yet the transaction.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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By the Hunan Provincial Bureau of Geology and 407 team compiled "Xinshao County, Hunan Lake Creek mine tungsten ore exploration Report" recently successfully filing, submitted 70,400 tons of tungsten resources, the scale of large deposits. It is the Hunan Province since 2000 through the filing of the first non-ferrous mineral exploration reports.

Xinshao County Lake Creek tungsten ore mine in Hunan Province Bureau of Geology and Exploration Team 407 commercial geological prospecting projects signed in 2010, which lasted four years, the project team completed the field work from a detailed investigation into the exploration, geological completed 1:2000

By the international and domestic macroeconomic impact, Gannan tungsten industry pressure is still great. Tungsten market downturn, thinly traded and capital returns slowly. Currently Ganzhou Scheelite tungsten Association offer of 9.5 yuan / ton, APT15.2 yuan / ton, the highest in nearly three years to a record low, lower actual transaction.

Scheelite than the 2011 peak of 155,000 yuan / ton down nearly forty percent over the same period last year, 120,000 yuan / ton fell as much, and no signs of improvement in a short time. Currently, tungsten smelter home production enthusiasm is low, especially in the procurement of raw materials carefully; tungsten ore businesses wait and see mood strong, more waiting in December guided introduction; insiders predict guided or continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: near the end of the year, temporarily weak tungsten concentrate market stability maintenance, wait and see mood strong, coupled with business funding constraints, multi suspend operations, tungsten businesses increased financial pressure, combined with guided forthcoming, the tungsten market sentiment strong spot market volume was light ; despite yesterday's pan-Asian small amount of the payment to the old customers, but drop in the bucket, tungsten smelter cash flow is still tight, the entire domestic market have continued weakening tungsten run businesses generally bearish outlook tungsten, tungsten municipal demand is expected to December 11 or less January weaker.

Molybdenum market: This week most businesses are not shipping molybdenite, offer low motivation, International Molybdenum iron prices to some extent affected the domestic business mentality, domestic ferromolybdenum volume also decreased this week, mostly in the business volume 15-50 ton range, expected short-term market steady.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn