Tungsten Are Rising Steadily in Three Quarters of This Year

Flush Finance has announced hat since late May, the domestic tungsten situation and the stungsten ore price are rising steadily. 65% wolframite and scheelite both rise 1000-1500 yuan / ton at a rate of 1% -1.5%. Currently, the tungsten mining enterprises and traders gradually have a tendency of selling shill phenomenon, which brings difficulties to market procurement difficulties increased.

After a sharp decline since the beginning of April, tungsten ore price already fell to near cost. Due to traders who hold high priced goods and mining enterprises sell to supply tightly, and market holds a stable price.

The tungsten enterprises believe that the June tungsten concentrate price guide published from Ganzhou tungsten Co, Minmetals ended 4 months down for the first time to stabilize. At the same time, the output of tungsten products rise gradually in the first three quarters, and profitability is expected to increase. In a-share companies, Xiamen Tungsten is the largest producer of tungsten and molybdenum products, not only strengthen the main industry simultaneously, but make a prospect of rare earths and lithium materials. Chapter Tungsten is accelerating expansion of the field to the downstream end, setting by the project will help the company raise investment to improve the industrial chain upgrading. The company stock price is lower than the reserve price by about3%.

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

• < Prev
• Next >