Luo molybdenum announcement that the proposed scale of not more than 3 billion yuan to set up a tungsten business Shouchu special fund be used for tungsten concentrate price commercial purchasing and storage, purchasing and storage is expected to total no more than 46,000 tons, accounting for the total domestic tungsten concentrate yield 1/3. This means that the industry's first commercial support for purchasing and storage fund was established specifically tungsten, tungsten price downturn is expected to inject a shot in the arm.

Tungsten price in the doldrums, more cost-effective mine Shouchu previous close. By the downstream demand downturn, tungsten prices continued downward, currently wolframite (65%) of the price is only 79,000 yuan / ton. Most of the tungsten ore into the loss, the equivalent of a low cost of purchasing and storage enterprises business acquisitions tungsten resources, help strengthen the domestic tungsten resources industry pricing, while countries also support domestic resources for strategic purchasing and storage business in order to stabilize prices.

Tungsten market: 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 reserve, is expected to total purchasing and storage no more than 46,000 tons (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.

Molybdenum market: the whole molybdenum market kept falling, the actual pressure mine huge molybdenum mine is currently facing serious overcapacity of production, far less than the actual demand and oversupply has not changed. Facing distress situation, mining companies can continue to lower prices to survive, the latter mine cut-off phenomenon will be further expanded. Bidding steel prices hit record lows, ferromolybdenum market lacks support. Molybdenum oxide, molybdenum products are also difficult. Short-term difficult to see the dawn of the molybdenum market.


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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.


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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.

Rare Earth 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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.


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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.


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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.


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
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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.