Minmetals Published Tungsten Market Guide Price

Ganzhou Tungsten Industry Association yesterday announced the March 2016 market forecast average price of tungsten: tungsten concentrate 75,000 RMB/ton, APT 105,000.00 RMB/ton, middle size tungsten powder 168 RMB/kg. Compared to February, the price of tungsten concentrates unchanged, but APT raised 2,000 RMB for each ton and the middle size of tungsten powder raised 4 RMB for each kg. This showed Ganzhou Tungsten Industry Association has optimistic attitude about the spring tungsten market.

Following Minmetals tungsten market guide price published in May, now re-released new tungsten market guidance in June, including tungsten concentrate 75,000/ton, scheelite 74,000/ton. Compared with the May guidance, the chain relative ratio were down 3,000 for each ton. And difference with May, this time Minmetals guide price of tungsten concentrate is similar to Ganzhou Tungsten Association tungsten concentrate forecast average price. Minmetals tungsten market guide price can be slightly higher than recent market transaction price, also showed Minmetals willingness to stabilize tungsten market.

The manufacturers of raw materials has optimistic attitude about tungsten market, so they reluctant to sale raw material and want to increase the price, but affected by low tungsten finished products demand the price acceptance is low and the turnover is limited. But supported by supply-side reform, mainly China domestic mining enterprises to suspend shipments, based on the policy is expected to continue to bring some benefit, so in the short-term the price of tungsten is difficult to fall down and will slight increase. 65% tungsten concentrate purchase price is not less than 75,000 RMB/ton and APT purchase price is not less than 115,000.00 RMB/ton. Besides, the market is still upside.

China's economic is gradually recovery, but tungsten finished products industry demand is shrinking, and the industry has been going on downturn for a long time. The end of January this year, eight large tungsten enterprises of China met in Chaozhou decided in 2016 tungsten concentrate reduction of output more than 15%. Reduced supply is good for industry rebound.

• < Prev
• Next >