Luomu ≤30 billion yuan to set up self-financing tungsten business Shouchu a special fund intended to tungsten concentrate mainly on tungsten raw product prices in the vicinity of existing commercial purchasing and storage, purchasing and storage is expected to total no more than 46,000 ton (equivalent to standard tungsten concentrate). Luomu this initiative or to some extent on the tungsten concentrate prices stabilized, difficult to pull back in the short term ore price upward. Expected short-term or temporarily lower ore price correction based.

Macro, implicated by the Greek debt crisis, global commodity and financial market crash; the central bank recapture liquidity, lower interest rates across the board; Commerce Department: the new FTA absorb foreign capital accumulation effect is obvious.


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The first rare earth import and export trade forum of China will be held in Shanghai from July 30 to July 31, 2015. The forum set "Internet，rare earth，financial" as its theme. It is supported by the Ministry of Industry and Information Technology of the People's Republic of China, the Ministry of Commerce of the People's Republic of China, the Economic and Information Commission of Shanghai. Moreover, it gains a lot of attention from in and aboard.

China is a big country in rare earth production, but it is in a very weak position in rare earth pricing for a long time. It is anticipated that price of rare earth in batch should be placed based on the pricing policy by the Exchange. However, if it needs to become true, then rare earth finance is required badly. It is reported that the Shanghai Futures Exchange is also exploring the possibility of rare earth futures market. From the momentum of development, rare earth finance will be long-term development trend of rare earth industry. As the international financial important component, also the rare earth import and export trade important port, if Shanghai accomplishes rare earth finance and establishes the international rare earth trading center, it may also be a very good choice. It is creditable that this forum will play a good role in accomplishing rare earth finance.

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Tungsten market: yesterday Ganzhou Tungsten Association, Minmetals, Jiangxi Tungsten three bodies have been released in July guidance, institutions are guided crash, closer to the actual market price, expected to be affected or tungsten market ushered in a wave downstream market . Ganzhou Tungsten Industry Association issued in July forecast average price of tungsten market. Among them, wolframite 7.2 yuan / ton, compared with June, down 9,000 yuan / ton, APT was 112,000 yuan / ton, compared with June down 11,000 yuan / ton, the particles of tungsten powder is 192 yuan / kg, compared with June down 8 yuan / kg.

Molybdenum market conditions: calm molybdenum market today, ferromolybdenum price stability, low cash deal. Molybdenum chemical consumption of inventory, production expanded. Market difficult to maintain, few new orders. Is expected to stabilize short-term weakness, still hit new lows.

Ganzhou Tungsten Association yesterday, Minmetals, Jiangxi Tungsten three bodies have been released in July guidance, institutions are guided crash, closer to the actual market price, expected to be affected, or is about to usher in a wave of tungsten market downward correction of the stock market.

China Minmetals tungsten concentrate guidance issued in July. Now 65% of wolframite offer for 72,000 yuan / tonne mark, 65% scheelite quoted at 71,000 yuan / standard ton, compared with June guidance prices down 9,000 yuan / ton. Ganzhou Tungsten Industry Association issued in July forecast average price of tungsten market. Among them, wolframite 7.2 yuan / ton, compared with June, down 9,000 yuan / ton, APT was 112,000 yuan / ton, compared with June down 11,000 yuan / ton, the particles of tungsten powder is 192 yuan / kg, compared with June down 8 yuan / kg.


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Ganzhou Tungsten Association yesterday, Minmetals, Jiangxi Tungsten three bodies have been released in July guidance, institutions are guided crash, closer to the actual market price, expected to be affected, or is about to usher in a wave of tungsten market downward correction of the stock market.

Macro level, the Ministry of Finance: the implementation of the proactive fiscal policy, the second half would be appropriate to expand the deficit; the Greek bailout referendum rejected international retreat Europe fear caused risky assets to fall; the US economy in the second half or modestly higher.


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Tungsten market: tungsten market continues deserted run, end demand downturn, tungsten concentrate spot market volume was light, the two sides continued stalemate on the issue price. Since tungsten businesses generally bearish outlook, the price is more inclined to tungsten concentrate buyer, resulting in lower tungsten concentrate has continued to edge lower, today mainstream tungsten products prices temporarily vulnerable stability maintenance, most of the market this week is expected to circulate 50-55 degrees fine scheelite or concentrate ore prices in 6.6-6.8 yuan / ton.

Molybdenum market: domestic and molybdenum market remains in the doldrums, the domestic molybdenum prices often decline in the price down no bottom line. Molybdenum concentrate, ferromolybdenum prices diving, panic intensified. Next week molybdenum market continues to remain low.

Tungsten deserted city continues to run, end demand downturn, today's mainstream tungsten products prices temporarily vulnerable stability maintenance, most of the market this week is expected to circulate 50-55 degrees scheelite price or concentrated in 6.6-6.8 yuan / ton.

Macro level, institutions predict that GDP growth in the second quarter, less than 7% rise is expected to stabilize in the second half, the overall judgment, the third quarter GDP growth should be around 7% over the second quarter, a slight rise of about 0.2 percentage points.


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Tungsten market: With the tungsten market gradually into the traditional off-season in July and August, businesses operating enthusiasm low, overall demand is low, turnover focused on low prices, smelter stopped production intensifies, traders operating cautious. Sodium tungstate low market demand, smelters family has been by a single production, strict inventory control, production enthusiasm is low, price, lack of motivation. More bearish outlook tungsten, tungsten-based products at low prices attempt plate steady, but there are varying degrees of risk was down late feed of.
 
Molybdenum market: domestic and molybdenum markets are facing shrinking demand situation, market transactions deserted, short-term mutual containment and dragged inside and outside. The latter part of the domestic development of the market will be filled with the crisis, although the mills tender, but can not withstand the overall decline, dropping again likely.

Downstream alloy powder manufacturers and manufacturers do not have much need for APT procurement, along with tungsten market gradually into the traditional off-season in July and August, businesses operating enthusiasm low, bearish market sentiment strong. It is understood, APT cash price concentrated in the 11.1-11.3 yuan / ton, offer a low cost of support continues to plumb blocked, but the market is to reduce the high offer, the current redemption price foreign manufacturers focused on the 11.4-11.5 yuan / ton, has no 11.6-11.7 yuan / ton in the offer. Expected, APT market price has dropped nearly at the bottom, the latter continued to decline limited space, material July APT prices mainstream or concentrated in 11-11.4 yuan / ton.

Sodium tungstate low market demand, smelters family has been by a single production, strict inventory control, production enthusiasm is low, price, lack of motivation. Compared to other species, the fall of sodium tungstate is lagging behind the recent smelter home outside offer is only down 500-1000 yuan / ton, 96% sodium tungstate Quotations focused on the 9.5-9.6 yuan / ton.


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With the tungsten market gradually into the traditional off-season in July and August, the overall demand for tungsten market downturn, turnover focused on low prices, smelter stopped production intensifies, traders operating cautious, more bearish outlook tungsten, tungsten-based products at low prices attempt to stabilize the disc, but there are different degrees of risk was down late material.

Macro level, institutions predict that total investment in June continued to decelerate, many provinces deploy stable investment; investment and financing 700 000 000 000 CITIC help "along the way" strategy; local integration to accelerate the disposal of state-owned assets.


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