China tungsten concentrate prices continued to move up in the recent days, but the trading volume did not recover obviously. Most of the tungsten concertrate market participants watch the market for a while, and do not eager to make deals in the spot market.

A  tungsten concentrate factory whose output is around 70-80tons per month, said that they output to the old customers.

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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
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Email: sales@chinatungsten.com
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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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China Tungsten Industry Association Work Conference on Information Statistics was held in Nanchang on April 12^th. 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
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