Increased Export Rebate on W Wire
23/03/20 | Tungsten
China Tax News 17th March, the Ministry of Finance and the State Administration of Taxation jointly announced an increase in the export tax rebate rate on selected products. Of these, the tax rebate on tungsten wires (HS code 81019600) will be increased from 10% to 13%, with effective from 20th…
Domestic W Market Remains Bleak
20/03/20 | Tungsten
China Commodity Marketplace Domestic tungsten market remained bleak this week with falling prices and sparse transactions driven by continued weak downstream demand. At present, wolframite (65% grade) mainstream quotations are at RMB86,000~88,000/standard t; scheelite (65% grade) is at RMB85,000~87,000/standard t and tungsten concentrates (50~55% grade) at RMB 83,000~85,000/standard t,…
JXTC Ganzhou Resumes Operation
05/03/20 | Tungsten
Asian Metal News JXTC Ganzhou Tungsten Alloy resumed operations on 3rd March after suspending production for all of February. The company is looking at 200 t of FeW (75% min) output for March. JXTC sold 5 t of FeW at RMB160,000/t at the beginning of this week. According…
China Moly Sets 2020 Output Targets
05/03/20 | Tungsten
Shanghai Nonferrous Metals News 4th March 2020: China Moly announced that the company’s 2020 output target would be 163~200 kt of copper, 14~17 kt of cobalt, 12~15 kt of molybdenum, and 7~9 kt of tungsten (excluding output of Yulu Mining). All tonnages are counted as metal tonnes. Source
Domestic W Prices Remain Firm
02/03/20 | Tungsten
China Commodity Marketplace Despite increased mine operations, domestic supply of tungsten concentrates remained tight this week and miners continued to hold firm on prices. At present, wolframite (65% grade) mainstream quotations are at RMB94,000~96,000/standard t; scheelite (65% grade) is at RMB93,000~95,000/standard t and tungsten concentrates (50~55% grade) at RMB91,000~93,000/standard…
MNR: First Batch of Production Quota for REs and W Ore
20/02/20 | Tungsten
Ministry of Natural Resources 20th February: MNR (Ministry of Natural Resources) and MIIT(Ministry of Industrial and Information Technology) published the first batch of rare earth and tungsten mining quotas for 2020. In 2020, the government will continue to focus on overall control of rare earths and tungsten mining volumes.…
W Concentrate Prices Firm
14/02/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices are holding firm on limited supply as a result of the NPC epidemic. Today, mainstream quotations of wolframite (65% WO3) stand at RMB91,000~93,000/t, scheelite (65% WO3) at RMB90,000~92,000/t and tungsten concentrates (50~55% WO3) at RMB88,000~89,000/t. Downstream tungsten smelters face increasing difficulties in…
Gansu Xinzhou W Mine Postpones Resumption
13/02/20 | Tungsten
Asian Metal News As mandated by local authorities, Xinzhou Tungsten Mining in Gansu has postponed its resumption plans from 10th February to 1st March 2020. The company produced 100 t of scheelite (55% min grade) in January and currently holds 50 t in stock. Its output for December 2019…
China Moly: 2019 Net Profit Declines
07/02/20 | Molybdenum, Tungsten
East Money News China Moly: The expected range of net profits of the company attributable to shareholders of listed companies is estimated at RMB1.7~ 2 bln for 2019, a decrease of 56.86%~63.33% y-o-y. The main reason for the decline can be attributed to the sharp y-o-y drop in prices of…
