Tungsten miners in China hold confused attitude that only tungsten product price goes up, transaction volume cannot be pushed up relatively. Generally, it is hard to make a deal in tungsten ore market. As to relate tungsten product, price range of ammonium paratungstate (APT) becomes bigger, the highest of them could reach ￥176,000.00/t; scrap tungsten suppliers note that many of them are out of production. Domestic blade based in Henan is firm at ￥172.00-￥176.00 per kilogram. Chinatungsten Online expected that general situation of tungsten product market is steady, some of them has slightly change, which is led by tungsten product guiding price. 

The Tungsten bar market is quiet this week, and many tungsten bar suppliers hold wait-and-see attitudes toward the market. Owing to the increasing tungsten concentrate and ammounious paratungstate (APT) prices, some tungsten bar suppliers intend to increase offers. However, under the current weak demand, the prices are hard to increase sharply.

The tungsten electrode suppliers remains quiet this week, and the trading volume does not see any obvious improvements. The tungsten concentrate and ammounium patatungstate (APT) prices move up slightly, but as consumers are cautious in adding stocks, the tungsten electrode suppliers hold offers stable tentatively and watch the market for a while. A producer based in Hebei, whose output is around 5 tons per month for tungsten electrode, noted that they quote prices for ground thorium tungsten electrode at RMB420-430/kg (USD66.7-68.3/kg) this week, unchanged compared with those of last week. He added that they still keep on production now, and have some stocks in hand. As the demand for tungsten electrode is unfavorable, tungsten electrode suppliers have mainly deal with old orders.

According to higher tungsten concentrate price, many tungsten scraps recyclers lift offers. However, there are few purchasing activities in spot market, as consumers with few orders on hand rebuild stocks cautiously. 

Tungsten concentrate prices goes higher but the demand remains dull. Only major buyers collect materials for pushing up prices, but downstream consumers refuse to accept the current price.

Good morning. First of all, I would like to thank the organizers of the Arctic Technology Conference for inviting me here, and a special thank you to the Canadian Consulate for giving me the opportunity to speak with you here this morning.

COLLECTED BY CHINATUNGSTE - DEC.7, 2012 - Dual listed Wolf Minerals has secured an $82-million funding package to further develop its Hemerdon tungsten and tin project, in Southwest England.