The China State Reserve Bureau plans to start stockpiling tungsten concentrate with an initial purchase of 10,000 tonnes .

China tungsten ore reserves have declined from 4.2 million tons to 1.9 million tons, a decline of over half, according to statistics from 2003 to 2011. The purchase, which will be undertaken by China Minmetals, the Asian country’s biggest producer of tungsten, will be equivalent to one month of national output of tungsten concentrate from China.

As a result of the purchase, the coming months will be marked by a shortage of tungsten concentrate, causing higher prices.

Currently, prices for 65-percent grade wolframite have climbed to RMB 127,000 to 129,000 (US$20,542 to $20,865) per tonne from last week. Tungsten APT min 88.5 percent is also up 2.18 percent, at RMB 185,000 to 190,000 ($29,923 to $30,731) per tonne.

Earlier this month, China’s tungsten market concentrates had seen significantly higher offers, but were lacking support. Most tungsten smelters have ceased purchasing tungsten concentrates and are watching the market. 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten carbide powder prices remain stable.

Tungsten carbide powder market continues to be quiet this week, and the trading volume keeps at low level.

The tungsten carbide powder prices are stable tentatively, and owing to the weak demand, it is unlikely for the tungsten carbide powder market to recover in a short time. 

You can visit the following links for more information about tungsten carbide powder market. Thank you very much!

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 concentrate market runs steadily

China tungsten concentrate prices continued to move up in the recent three weeks, and keep stable this week.

However, as some companies still keep purchasing materials, it is hard to purchase the tungsten concentrate at low prices level in the spot market. Most of the market participants watch the market for a while, and do not eager to make a deal.

You can visit the following links for more information about tungsten concentrate prices. Thank you very much!

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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The tungsten bar metal market runs slowly in China. The tungsten market participants are still inactive in making deals, and the tungsten bar market remains quiet for the moment.

As the raw materials prices move up sharply, some tungsten bar suppliers intend to increase offers. However, the demand from the downstream market is quiet.

You can visit the following links for more information about tungsten bar market. Thank you very much!

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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