Tungsten Weekly Review (Apr. 29-May 3, 2013)

Details: Category: Tungsten's News; Published on Wednesday, 08 May 2013 13:57; Hits: 2149

Affected by the holiday of International Labor Day, the transaction in domestic tungsten market was quiet last week (Apr. 29-May 3, 2013), waiting for the guiding price for May to be published by Minmetals and Ganzhou Tungsten Association. The news that China's State Reserves Bureau (SRB) plans to buy about 100,000 t of tungsten conc. remained unconfirmed, but some of enterprises started to purchase tungsten concentrate. For example, China Molybdenum Co., Ltd sold 850 t Scheelite concentrate with transaction price of 1,810 yuan/mtu. The tungsten conc. price in domestic market went up slightly, compared with the previous week. While the price of ferrotungsten and tungsten carbide powder kept at 185,000-188,000 yuan/t and 288,000-292,000 yuan/t respectively.

Domestic Tungsten Market Quotation by Products on May 3

(Unit: yuan/t)

Products	Type	Mainstream Quotation	By region
Wolfrimate concentrate	65%	133,000-135,000	Jiangxi Province
Scheelite concentrate	65%	132,000-134,000	Hunan Province
Wolfrimate concentrate	55%	129,000-131,000	Jiangxi Province
Scheelite concentrate	55%	128,000-130,000	Hunan Province
APT	88.50%	188,000-192,000	ChongYi county, JiangXi province
Ferrotungsten	W70	185,000-188,000	Hunan Province
Tungsten carbide powder	2-10um	288,000-292,000	Zhuzhou City, Hunan Province

Chinatungsten forecasts that the guiding price in May will be raised and the short supply of tungsten conc. is expected to continue in a short time.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com