Many Enterprises Continue to Restrict Sales, Tungsten Concentrate Market Price Goes up

Tungsten market : many big enterprises continue to restrict the sales of tungsten raw materials. Besides, many tungsten smelting factory even buy tungsten concentrate from foreign which make tungsten concentrate spot market has shortage of supply and the market price of tungsten concentrate is going up with small range. What’s more it will continue to going up with small increase. 

The average market price of mainly series tungsten products: wolframite concentrate (content ≥65%): 66,000.00 RMB/ton; scheelite concentrate (content ≥65%): 64,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 100,000.00 RMB/ton, export price:220.00 $/ton; tungsten powder (content ≥99.95%): 162.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 160.00 RMB/kg, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 215.00 RMB/kg, export price: 34.22 $/kg.

Influenced by China economic slowdown international commodity price continues to fall down. And many tungsten and other mining companies can’t stand the price pressure so they lay more emphasis on reorganization the company. On the other hand, staple commodities market price continues to fall down making global mining industry merger and acquisition spree to fall down which leaves some space and chance for private equity fund to deploy billions dollars. Previously, mining industry merger was pushed by large mining companies. Due to strong market demand and price increase so these companies activity looking for new capacity. But at present, the merger plan may be laid aside for two or three years. This blank time for many private equity firms is a chance. 

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