Rising prices of APT in the European market have forced many of the tungsten carbide 99.7%min manufactures to lift their tungsten carbide prices above the USD51.00kg level for the first time this year, an increase of a little under USD1.00kg over the past two weeks. China tungsten carbide 99.7%min producers have held their export prices between USD49.00-49.50kg FOB this week; however, buyers across EMEA have shown confidence that with a bid price of USD48.00kg may be achievable.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Another significant drop in prices for the noble alloy this week in European ferrotungsten market, falling from USD39.50-40.00kg W in warehouse Rotterdam on Friday, to between USD39.00-39.50kg W in warehouse Rotterdam as of Wednesday. The European ferrotungsten market has looked shaky through much of February, loosing almost USD3.00kg W in value in a little over four weeks, and sources in Europe feel that a combination of abysmal spot market demand and surplus stock may push prices lower in the coming weeks.

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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National Land Resources Bureau has recently decided to implement volume control of tungsten, antimony and rare earth. It is an important step in protecting and rationally exploiting of resources and will be of great importance in stabilizing the supply-demand relationship in the global market and enhancing the price-setting voice of our country in dominant ore resources .

Last year, tungsten exploitation seemed performed very well under the control index as the international economy is growing a slow pace, demand for ore has not yet recovered, global demand for tungsten concentrate on the other hand is declining slightly. After the shrinking of demand and falling of price since last year, rare earth market has been weak in grow trends. General speaking a strict control of tungsten, antimony and rare earth is an advisable policy in preventing over-exploitation and blind competition, meanwhile it also good for  the sustainable development of ore resources.

For a long run, China has been facing with problems like the use ratio for dominant resource is quite low whereas exporting volume is high, and reserve for resources is still not enough. According to the statistics : resources reservation of tungsten, tin , antimony can be used up in 14 years,12 years and 6 years respectively.

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 continues to run slowly with stable prices. Most of the market participants watch the market. The downstream customers only purchase from hand to mouth, and are unwilling to hold stocks in large quantities. An end-user for tungsten concentrate based in South China expressed that they purchased a batch of wolframite 50% at 1,560RMB and  250USD last week.

You can visit the following links for more information about tungsten concentrate prices. Than 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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