Chinese tungsten concentrate price remains stable
2014-01-06 09:29:42 [Print]
BEIJING (Asian Metal) 6 Jan 14 - Chinese Spring Festival (from 31 Jan to 9 Feb 2014) is approaching, most of the market participants still hold wait-and-see attitudes towards the market, and the trading volume is small in the spot market. Many tungsten concentrate suppliers decreased offers to obtain orders in December owing to the financial pressure, and they held offers stable into January as the financial pressure eases slightly and the rest stocks is in small quantities. The tungsten concentrate prices are stable now, but it is hard to rebound in a short time with the soft demand.
A tungsten concentrate producer based in South China, with an output of around 150tpm, noted that they make offers for wolframite 55% at RMB115,000/t (USD291/mtu) at present, and they have kept offers stable in the recent two weeks as they mainly dealt with the long-term orders. He said that the downstream customers are cautious about making deals with the approaching holiday and dull market, and the trading volume is small in the spot market. The tungsten concentrate market will be dull in the future.
The source expressed that many tungsten concentrate producers intend to reduce output or stop production in the following weeks, and the supply will become tight, so it is likely for tungsten concentrate offers to be firm in the near future.
A tungsten concentrate producer based in South China noted that they make offers for wolframite 55% at RMB117,000-118,000/t (USD296-299/mtu) now, and a few deals are concluded. He said that their offers are higher as they have few stocks in hand and do not eager to sell the rest stocks. He added that their regular output is around 100tpm.
The source told Asian Metal that tungsten concentrate market is inactive at present, and owing to the soft demand, the trading volume is small. It is expected that the market will be quiet with the approaching Chinese Spring Festival holiday.
A tungsten concentrate producer based in South China, with an output of around 150tpm, noted that they make offers for wolframite 55% at RMB115,000/t (USD291/mtu) at present, and they have kept offers stable in the recent two weeks as they mainly dealt with the long-term orders. He said that the downstream customers are cautious about making deals with the approaching holiday and dull market, and the trading volume is small in the spot market. The tungsten concentrate market will be dull in the future.
The source expressed that many tungsten concentrate producers intend to reduce output or stop production in the following weeks, and the supply will become tight, so it is likely for tungsten concentrate offers to be firm in the near future.
A tungsten concentrate producer based in South China noted that they make offers for wolframite 55% at RMB117,000-118,000/t (USD296-299/mtu) now, and a few deals are concluded. He said that their offers are higher as they have few stocks in hand and do not eager to sell the rest stocks. He added that their regular output is around 100tpm.
The source told Asian Metal that tungsten concentrate market is inactive at present, and owing to the soft demand, the trading volume is small. It is expected that the market will be quiet with the approaching Chinese Spring Festival holiday.
Tungsten Ore WO3 50%min FOB Africa
Unit:USD/dmtu
China tungsten concentrate producers' suspension number statistics by province by month
Unit: pcs
