Tungsten Weekly Review (Apr. 29-May 3, 2013)
- Details
- Category: Tungsten's News
- Published on Wednesday, 08 May 2013 13:57
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.
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