Tungsten smelter home started smoothly, little change compared with early, dragged down by weak demand, support the abolition of tariffs, the recent market sentiment thicker material ore prices stabilize or temporarily based.

Macro level, 18 regions in the first quarter GDP outperformed the national Academy of Social Sciences forecast annual GDP growth of 7%; the central bank experts deny China Version QE: not the direct purchase of new local government bonds; or will the Fed raise interest rates in September.


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Tungsten market: Although most of tungsten products export quota is about to be canceled, but the current domestic tungsten price support is very limited, APT products continued sluggish sales, cash transaction prices continue to decline tentative. Home smelter operational difficulties, little enthusiasm for production, but the money was plentiful manufacturers are actively procuring low raw material tungsten concentrate, tungsten continue this week quoted slightly lower range limit.

Although the majority of tungsten export quotas next month, will soon be canceled, but the current domestic tungsten price support is limited, APT products continued poor sales, prices upside down, APT smelter operational difficulties at home, producing little enthusiasm, but the funds are better manufacturers are actively buy some low raw material tungsten concentrate. APT is expected to keep the cash transaction price or low range close range high or down, post-APT-based market or a weak stability maintenance.

According to research to understand, most manufacturers offer concentrated in the mainstream of foreign 12.4-12.5 yuan / ton (cash), 125,000 yuan / ton offer rarely heard, upper and lower limits of the relative price range last week slightly lower. Actual transactions, APT low turnover even 123,000 yuan / ton.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Although the majority of tungsten products export quota is about to be canceled, but the current domestic tungsten price support is very limited, APT products continued sluggish sales, cash transaction prices continue to decline tentative week price range limit or continue to slightly lower.

Macro, industry profits decline narrowed in March, significantly improved profitability in some sectors; Prime continuous study of the three banks, the banking sector will force lower financing costs; start-round place to stimulate the market model.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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A sharp rise in the tungsten rod price was greatly connected with the price of tungsten concentrate which is known as upstream raw material. Topping the industry chain, tungsten concentrate is the primitive raw material and its price changes will set up a chain of reaction in the cost and offer. 

Ministry of Finance website on April 23 news release, since May 1, 2015, China will adjust export tariffs on some products, including the elimination of export tariffs on some products and export some products to implement a zero tax rate. According to "Customs Tariff Commission of the State Council on the adjustment of export tariffs on notice", China will abolish export tariffs on steel particles, rare earths, tungsten, molybdenum and other products, the aluminum timber and other products exported zero-tax rate. Abolish export tariffs will increase the bargaining power of the export price, to a certain extent, alleviate the excess domestic supply pressure to the market to get better.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: Most tungsten products export tariffs canceled ferrotungsten traders mentality becoming active spot market for tungsten concentrate increased inquiry, inquiry mostly low range, but cargo operators reluctant to sell sentiment enriched, Scheelite deal continued stalemate, with buyers and sellers in the game, or steady narrow ore price fluctuations. Procurement of raw materials is expected to post or increase, tungsten prices will gradually stabilized, post or a slight rebound.

Molybdenum market: the end of market trading atmosphere deserted, business mentality pessimistic, low-cost resources abound. The amount of the tender and the tender price of steel shrink again, the market is difficult to improve molybdenum iron, molybdenum concentrate pressure on the stock market is still large, expected short-term molybdenum market weak die hard.

Scheelite inquiry on the spot market increased range of inquiry are mostly low, but reluctant to sell goods holders mood enriched, Scheelite turnover continued stalemate, with buyers and sellers of the game, or steady narrow ore price fluctuations.

Macro level, the first quarter data show that agricultural production continues to improve; Chinese manufacturer recently announced 2025 plan, the Ministry of pushing six pilot areas; most of the local administrative system reform deepening hope.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.
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