On June 7, the domestic mainstream large-scale tungsten mining enterprises are going to gather in Chaozhou to held the third meeting. The eight mining enterprises participated in the meetings have 27 affiliated mines, production of tungsten concentrate is more than 50% of total domestic production, so these eight tungsten mining enterprises are accustomed to be called "Eight tungsten enterprises" in the market. This is the third meetings of eight tungsten enterprises since November, 2015 and February, 2016.

 

Counting the two previous gatherings of tungsten enterprises, it’s no doubt that played an important role in turning the situation around, especially the large enterprises meeting in Xiamen Tungsten in November 15. Tungsten market experienced the historical low price, the mainstream tungsten enterprises had heavy losses, the strategic raw materials were facing the loss with low-cost, the responsible corporate has affirmative action to be a solidarity to maintain market. The second meeting of tungsten enterprises was held in Guangzhou on February 2016. Market prices hiking got sick, the large enterprises maintained market actively, so the price hiking was reasonable.

 

The third meeting will be held in Chaozhou on June 7. With the background of the fall of tungsten concentrates price, the timely convening of this meeting is of great significance for the market. Comprehensively, the current meeting may save the current weakness of the market in time, the market will be greatly boosted, leading tungsten market a healthy development. As for the price of tungsten products with the most concerned in the market, it’s thought that the basic price will stop falling, but tit’s not likely to increase greatly, mainly because of the less demand of late summer market, and the price being too high will bring high-priced stock refluxing into market. So it’s expected that the later price based on small price fluctuations than the current price.