In the end of 2008, financial crisis exploded worldwide. Demand for tungsten products dropped sharply along with falling prices and this culminated into a very difficult year for most market participants in the tungsten industry in 2009. Demand slowed down in Chinese domestic market, and shrank in the export market; to the extent that every manufacturer tried hard to survive.
From November 2009, the raw material market started to warm up first; the rising price of tungsten concentrate and APT pushed the downstream market in the upward trend. In the beginning of 2010, tungsten market had a good start as international buyers started purchasing after a year-long de-stocking. Many people believed the fundamentals of tungsten market have improved so the market will continue to move upward throughout this year. However, has the difficult time really passed?
Topics to be discussed in the summit:
Chinese Tungsten Market Review and Outlook
---- Kong Zhaoqing, Vice President, Chinese Tungsten Industry Association
Japanese tungsten demand and supply analysis
---- Motoki Nishino, Advanced Material Japan Corp.
Analysis of tungsten export in 2009
---- Danny Wu, Manager, Xiamen Tungsten Co.Ltd
Outlook for tungsten market
---- Xiusheng Zhu, Vice General Economist, Jiangxi Rare Earth and Metal Tungsten Group Corp.
Marco Economic Analysis
---- Jingping Kang, Professor, Jiangxi University of Finance and Economics
|After 11 Jun|
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