China Tungsten Weekly Review (Nov.26-30,2012)
2012-12-03 08:16:38
antaike.com
Beijing, Dec.3 (Antaike)-Domestic tungsten price declined slightly this week (Nov. 26-30). The market quotation was with a wider price range.
Domestic Tungsten Market Quotation by Products on Nov. 30
(Unit: yuan/t)
Products
| Type
| Mainstream Quotation
| By region
| Scheelite concentrate
| 65%
| 112,000-115,000
| Hunan Province
| Wolfrimate concentrate
| 65%
| 115,000-120,000
| Jiangxi Province
| APT
| 88.50%
| 173,000-177,000
| ChongYi county, JiangXi province
| Ferrotungsten
| W70
| 172,000-178,000
| Hunan Province
| Tungsten carbide powder
| 2-10um
| 270,000-273,000
| Zhuzhou City, Hunan Province
|
Sources from Beijing Antaike Information Development Co., Ltd
According to Antaike’s survey that the mainstream quotation of tungsten conc. was 117,000-118,000 yuan/t, slightly down compared with previous period. Most of miners were still unwilling to sell out at current. A purchaser told Antaike that there was a little difficult to clinch a deal. Presently, APT mainstream market quotation was 173,000-175,000yuan/t, fell down slightly too. Due to the increasing in tungsten conc.price was too fast and weak demand in downstream, it was normal for the recent pullback in tungsten market price. Tungsten carbide powder price stayed at the same level, but the transaction was still thin, which led the purchasers took the wait-and-see attitude. Ferrotungsten quotation was firm, but the actual sale price was 170,000-175,000yuan/t.
Some of big groups purchased a large amount of tungsten conc. in Nov. of this year. As financial settlement will be finished in Dec. before the new fiscal year, the enterprises purchasing will be reduced gradually.
According to Antaike’s analyst that the tungsten conc. price is expected to be at 115,000-120,000 yuan/t in early Dec. From late Dec. of 2012 to Jan. of 2013, along with the stopped purchasing by big enterprises, the domestic tungsten price might face downside risk. |
