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Chinese tungsten concentrate prices down

2019-04-24 08:57:59   【Print】
BEIJING (Asian Metal) 24 Apr 19 – At present, mainstream prices for Chinese tungsten concentrate 65%min decreased to RMB94,500-96,500/t EXW D/P (USD14,083-14,382/t), down by RMB500/t (USD74.52/t) from late last week.Asian Metal Copyright" In addition, he last sold 100t at RMB97,500t USD14,531t late last month.Asian Metal Copyright The supply of tungsten concentrate is still relatively tight in the spot market.Asian Metal Copyright The supply of tungsten concentrate is still relatively tight in the spot market.Asian Metal Copyright However, some APT plants have stopped production, so they have little interest in building more stocks for raw materials.Asian Metal Copyright We sold 10t at RMB93,500t USD13,934t today.Asian Metal Copyright Insiders predict that prices for Chinese tungsten concentrate would keep weakly stable in the coming week.

A producer in North China stated, "We currently quote for white tungsten concentrate 55%min at RMB94,000/t (USD14,009/t) EXW D/P. We accept RMB93,500/t (USD13,934/t) if buyers can pay in cash first and allow us to deliver the shipments within 7 days. We sold 10t at RMB93,500/t (USD13,934/t) today." In addition, he last sold 20t of the material at RMB94,000/t (USD14,009/t) early last week.Asian Metal Copyright We sold 10t at RMB93,500t USD13,934t today.Asian Metal Copyright He revealed that as some APT plants have stopped production, their purchasing volume is small at present.Asian Metal Copyright With an annual production capacity of 800t, the producer expects to produce 60t in April, unchanged from last month, holding about 300t of stocks in hand now.Asian Metal Copyright He predicts that prices for tungsten concentrate would keep weakly stable in the coming week.

With an annual production capacity of 2,500t, the producer produced 150t in March and expects 120t in April, holding about 10t of stocks in hand now.

Another producer in Jiangxi noted, "We currently quote for tungsten concentrate 65%min at RMB96,500/t (USD14,382/t) EXW D/P, and can accept RMB96,000/t (USD14,307/t) for firm bids, down by RMB500/t (USD74.52/t) from last week.Asian Metal Copyright A producer in North China stated, "We currently quote for white tungsten concentrate 55%min at RMB94,000t USD14,009t EXW DP.Asian Metal Copyright However, we didn't close orders today." In addition, he last sold 100t at RMB97,500/t (USD14,531/t) late last month.Asian Metal Copyright Another producer in Jiangxi noted, "We currently quote for tungsten concentrate 65%min at RMB96,500t USD14,382t EXW DP, and can accept RMB96,000t USD14,307t for firm bids, down by RMB500t USD74.Asian Metal Copyright He revealed that as the downstream demand is relatively weak, they plan to hold stocks rather than sell substantial spot products at lower prices.Asian Metal Copyright" In addition, he last sold 20t of the material at RMB94,000t USD14,009t early last week.Asian Metal Copyright He prefers to watch the market first and predicts that prices for tungsten concentrate would remain weakly stable in the following week.

With an annual production capacity of 800t, the producer expects to produce 60t in April, unchanged from last month, holding about 300t of stocks in hand now.

.Asian Metal CopyrightBEIJING Asian Metal 24 Apr 19 – At present, mainstream prices for Chinese tungsten concentrate 65%min decreased to RMB94,500-96,500t EXW DP USD14,083-14,382t, down by RMB500t USD74.Asian Metal Copyright