Tungsten conc market firm
2005-04-07 09:49:56 【Print】
BEIJING (Asian Metal) 7 Apr 05 - After a short time price drop later last week, tungsten conc market keeps firm this week, as miner sources reported to Asian Metal.
"We hold around 20t tungsten conc, grading 65%min, expecting a better price," an official from a Jiangxi Province-based small tungsten mine told Asian Metal.
The mine plans to sell at a price not less than RMB110,000/t, but buyers only bid prices a little over RMB100,000/t. "As we know, the highest price of concluded deals is RMB105,000/t in local market," said the source.
According to the source, the price dropped a lot during a short period last week on 28-29 March, with prices varies in a wide range of RMB70,000-90,000/t, but then the price rebounded. "One of my friends purchased totally around 200t in one day on such lower prices," said the source.
The source speculates that the price may soon rise to RMB120,000-130,000/t next week.
The miner runs fully on its 40tpm production capacity for tungsten conc.
Another Jiangxi Province-based small miner claimed that, since the price rebounded later last week, the price has kept relatively stable this week, with prevailing prices hovering at around RMB100,000/t for tungsten conc. 65%.
