By the international and domestic macroeconomic impact, Gannan tungsten industry pressure is still great. Tungsten market downturn, thinly traded and capital returns slowly. Currently Ganzhou Scheelite tungsten Association offer of 9.5 yuan / ton, APT15.2 yuan / ton, the highest in nearly three years to a record low, lower actual transaction.

Scheelite than the 2011 peak of 155,000 yuan / ton down nearly forty percent over the same period last year, 120,000 yuan / ton fell as much, and no signs of improvement in a short time. Currently, tungsten smelter home production enthusiasm is low, especially in the procurement of raw materials carefully; tungsten ore businesses wait and see mood strong, more waiting in December guided introduction; insiders predict guided or continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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By the Hunan Provincial Bureau of Geology and 407 team compiled "Xinshao County, Hunan Lake Creek mine tungsten ore exploration Report" recently successfully filing, submitted 70,400 tons of tungsten resources, the scale of large deposits. It is the Hunan Province since 2000 through the filing of the first non-ferrous mineral exploration reports.

Xinshao County Lake Creek tungsten ore mine in Hunan Province Bureau of Geology and Exploration Team 407 commercial geological prospecting projects signed in 2010, which lasted four years, the project team completed the field work from a detailed investigation into the exploration, geological completed 1:2000

Tungsten market: near the end of the year, temporarily weak tungsten concentrate market stability maintenance, wait and see mood strong, coupled with business funding constraints, multi suspend operations, tungsten businesses increased financial pressure, combined with guided forthcoming, the tungsten market sentiment strong spot market volume was light ; despite yesterday's pan-Asian small amount of the payment to the old customers, but drop in the bucket, tungsten smelter cash flow is still tight, the entire domestic market have continued weakening tungsten run businesses generally bearish outlook tungsten, tungsten municipal demand is expected to December 11 or less January weaker.

Molybdenum market: This week most businesses are not shipping molybdenite, offer low motivation, International Molybdenum iron prices to some extent affected the domestic business mentality, domestic ferromolybdenum volume also decreased this week, mostly in the business volume 15-50 ton range, expected short-term market steady.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Pan Asia this week, with the brewing event, and the year the bank will face tungsten smelter audit, downstream manufacturers of tungsten steel scrap procurement needs less, prompting tungsten scrap prices continue to fall this week.

With the falling prices of raw materials tungsten concentrate, tungsten entire domestic market have continued weakening operation, tungsten businesses generally bearish outlook, guide price or continue to fall sharply in December, scrap tungsten steel big money traders are also many goods trap, waste tungsten steel market activity is not high.

It is understood that there are some two days after another scrap tungsten steel traders pause acquisitions, only a small number of traders continued receipt, but the volume is small, and offer relatively down 2-3 before re-yuan / kg. Analysts believe that the 12 month of tungsten steel scrap market or difficult to reverse, post or still lower risk.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Today, the market temporarily weak tungsten concentrate maintenance of stability, strong market sentiment, coupled with business funding constraints, more pause operation, a lot of Ganzhou tungsten ore traders have suspended purchases, only to see some specific APT smelters purchase the right amount of tungsten concentrate price and the actual transaction price continues exploratory decline.

It is understood that 60-degree mainstream price of tungsten concentrate concentrated in 83,000 yuan / ton, tungsten ore cargo operators reluctant to sell darker mood, but forced by financial constraints, some traders to sell some small amount of tungsten ore. APT, etc. However, the continuous pressure of tungsten concentrate smelter home inquiry, we understand there have been 60 degrees Scheelite inquiry 80000 or less.

Analysis is expected to: Pan Asia this week, although a small amount of the payment to the old customers, but drop in the bucket, APT tungsten smelter and other capital flows are still tight, December tungsten city needs or weaker than in November, December or guidance prices continue to fall, black Scheelite guided or dropped 90,000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Tungsten market: Tungsten City continued weakness in demand, the market volume was light. Tungsten smelter home production enthusiasm is low, raw material procurement especially cautious; tungsten powder smelter home production enthusiasm is not too high, a further drop in the price of powdered sodium tungstate market demand continues to be light, strong factory very price conscious, offer phase change from last week small, tungsten ore businesses wait and see mood strong, multi-guided introduction to wait in December; guided or expected to continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.

This week tungsten powder smelter home production enthusiasm is not too high, powder prices have once again lowered the relative last week lowered 3-4 yuan / kg. It is understood that the particles of tungsten powder tax offer for 222-225 yuan / kg, tungsten carbide powder particles tax offer for 220-224 yuan / kg; and then there are the actual transaction tungsten powder 220 yuan / kg transaction prices, tungsten carbide powder has now sold 220 yuan / kg or less.

Tungsten smelter home enthusiasm for production reasons for the decrease are: ① near the Gregorian calendar of the year, manufacturers will respond loan audit bank to return the funds, reduce production capacity; ② raw material prices continue to decline, the market outlook is likely to continue to decline, so cautious manufacturers operate; ③12 month guided this upcoming weekend, tungsten and more businesses currently watching the market, waiting for the introduction of further guided decision.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Sodium tungstate market demand continues to be light, strong factory very price conscious, offer little change relative to the previous week, 96% sodium tungstate mainstream offer is still strong in the 11-11.3 yuan / ton, but the turnover Yindie actual transactions cash price has been difficult to reach 110,000.

Since last week's Pan Asia received suspended APT, APT reduce demand, APT smelter cash flow is more intense, APT market prices broadly lower, manufacturers very price conscious. It is understood that this week the acquisition of Pan Asia continue to be suspended yesterday for some big partners to pay a small amount of money. It is understood that some of the APT smelters still strong at home 145,000 yuan / ton offer, then the actual transaction price of APT small amount of trading spot 14.1-14.3 yuan / ton, the price of a large amount of orders more than 14 yuan / ton the following.


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 market: the beginning of this week, tungsten spot market volume was light, the market with little turnover, however still significantly weaker demand, tungsten whole inquiry is still slow down, Scheelite abnormal turnover was light, the market Yindie, market sentiment rich, scrap tungsten market has also been tentatively decline, the market demand continues to light. Analysis is expected before New Year's Day or tungsten prices continue to decline certain space.

Two days Scheelite abnormal turnover was light, and the prices Yindie strong market sentiment is expected to slow this week, down the main tungsten concentrate prices stable. On the one hand, the Pan Asia suspend APT, tungsten concentrate raw weaker market demand, prudent operating downstream smelters home, less procurement requirements, resulting in fewer market transactions; other hand, the guide price to be announced this week in December, the downstream the purchaser and tungsten ore business and more on the sidelines, waiting for the resolution to do guided introduction, many smelters home even suspend operations.

It is understood that now offer 60 degrees wolframite concentrate in 8.3-8.4 yuan / ton, and then the actual turnover has dropped to 8.1-8.2 yuan / ton; 60 degrees scheelite offer concentrated in 8.1-8.2 ten thousand yuan / ton, then the market has now 80,000 yuan / ton of inquiry, scheelite and 55 degrees lower element slightly excessive prices.


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
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