Xiamen Tungsten to Establish Joint Tungsten Smelting Company in Longyan

Tungsten Smelting Company Photo

Xiamen Tungsten Industry announcement, the company and Longyan Xinluo District government, Fujian Jinxin Tungsten Co., Ltd. signed an intention agreement. Xiamen Tungsten and Fujian Jinxin to set up a joint venture enterprise (of which the company invested 51%, Fujian Jinxin invested 49%) invested 1.19 billion yuan in the development of Yanshi Town Economic Development Zone, to set up an annual output of 10,000 tons apt (ammonium paratungstate) production line and related ancillary facilities, the estimated annual sales revenue would reach 1.5 billion yuan.

Read more: Xiamen Tungsten to Establish Joint Tungsten Smelting Company in Longyan

China’s Zhangyuan Tungsten Stabilized Tungsten Forecast Prices for September

tungsten powder picture

Analysis of latest tungsten market from ChinaTungsten Online

China’s Zhangyuan Tungsten released tungsten forecast prices for the second half of September: 65% wolframite concentrate and scheelite concentrate were quoted at $15,230.8/t and 15,000/t, respectively; ammonium paratungstate (APT) was quoted at $274.7/mtu, unchanged from last time. The stability means mainstream tungsten product prices will tend to stabilize in the short term.

Read more: China’s Zhangyuan Tungsten Stabilized Tungsten Forecast Prices for September

Molybdenum Powder Price - Sep. 21, 2018

molybdenum powder picture

The latest prices of molybdenum powder, sodium molybdate and molybdenum oxide remain unchanged in the week to Friday September 21, with the approaching of Mid-Autumn Festival. The supply of raw materials in the spot market continues to be tight, and transactions increase for large mines, so molybdenum concentrate price mainly stabilizes.

Read more: Molybdenum Powder Price - Sep. 21, 2018

Praseodymium Neodymium Oxide Price - Sep. 21, 2018

lanthanum oxide picture

The latest prices of Dy-Fe alloy and praseodymium neodymium oxide decline on Friday September 21 compared with last trading day. Affected by environmental protection inspection, the supply of raw materials in the spot market is tight and sellers tend to keep current offer levels. While customers enter the market slowly, transactions do not increase. Rare earth prices will stabilize in the short term.

Read more: Praseodymium Neodymium Oxide Price - Sep. 21, 2018

Tungsten Concentrate Price Stabilizes on High Production Cost

blue tungsten oxide picture

Analysis of latest tungsten market from ChinaTungsten Online

In the tungsten concentrate market, very little spot business was transacted, with some offers heard outside of the price range. Tungsten ore sellers appeared reluctant to sell products due to the availability of raw materials. The cost side supports the stability of tungsten concentrate price.

Read more: Tungsten Concentrate Price Stabilizes on High Production Cost

 

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