Weak tungsten powder market demand, the spot market inquiry, orders are less, coupled with lower guidance this month, lack of confidence powder manufacturers, external offer slightly lower, post-cash deal or as low as 200 yuan / kg.

Macro level, the central bank cut interest rates by 0.25 percentage points and extended floating in space; Russia signed 32 cooperation worth $ 25 billion, a number of listed companies to benefit; domestic gasoline and diesel prices will be "three rising."


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: Tungsten businesses wait and see mood strong, the market demand is very light, APT product is still unmarketable, prices continue to fall, was inverted, smelters home production enthusiasm is not high, and more than 125,000 post-market quotations or less. Ganzhou Tungsten Industry Association and the China Minmetals were announced in May the average price of tungsten concentrates forecast, which predicted the average price of wolframite reported 86,000 yuan / standard ton, are steady last month, it is expected to short-term market or temporarily holding stability the Lord.

Ministry of Finance, State Administration of Taxation recently issued a circular on rare earths, tungsten, molybdenum resource tax levied reform issues clearly defined areas of light rare earths by the applicable tax rate from the implementation of different price, Inner Mongolia 11.5%. Heavy rare earth resource tax applicable tax rate is 27%, tungsten resource tax applicable tax rate is 6.5%. Molybdenum resource tax applicable tax rate is 11%.

To further promote the clearance fee tax legislation, rationalize resources tax relations, from May 1, 2015, the rare earths, tungsten, molybdenum resource tax from the amount of taxable valorem, and not to increase corporate taxes in accordance with negative principles reasonably determine the tax rate. Meanwhile, to further clean up and standardize the charges, the rare earth mineral resources compensation rates, tungsten, molybdenum is reduced to zero, stop expropriation price adjustment fund, ban related charges fund local governments below the provincial irregularities established. About taxable Regulations, rare earths, tungsten, molybdenum resource tax levied by the change from a fixed amount levied ad valorem rates. Rare earths, tungsten, molybdenum taxable products, including ore and ore concentrate from mining to processing. Taxpayers its mined ore processed into concentrate sales, according to concentrate sales (excluding VAT) and pay resource tax applicable tax rates. Taxpayers mining and ore sales, the ore sales (excluding VAT) in terms of concentrate sales tax is calculated and paid resources.

It is understood that, with regard to the implementation of rare earths, tungsten, molybdenum resource tax reform requirements, decided to clean up standard fee fund involving rare earths, tungsten, molybdenum, requiring the region around a comprehensive clean-specification introduced in the region involving rare earths, tungsten, molybdenum fees fund the project, Where a breach of administrative fees and government funds approval regulations, unauthorized introduction of fees to fund the project will be canceled. After clean-up involving rare earths, tungsten, molybdenum fund related charges, the relevant departments to perform their normal duties requirements by the central and local governments shall be guaranteed by the general public budget funding arrangements. All localities and departments should strictly implement the provisions of the announcement to cancel or stop collecting the fee fund must not delay or refuse to perform any reason can not be disguised by other names continue to charge.


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 demand is very light, APT products are still poor sales, prices continue to fall, was inverted, smelters home production enthusiasm is not high, and more than 125,000 post-market quotations or less.

Macro level, the State Department pushing electricity supplier: encourage domestic listed Internet companies; trillion debt issuance local replacement recently launched: the use of directional + open mode; IMF expects 5.6 percent economic growth in the Asia-Pacific region.


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