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…
Domestic W Market Stagnant
07/02/20 | Tungsten
China Commodity Marketplace 6th February: Ganzhou Tungsten Association announced that due to the outbreak of 2019-nCoV and the extended holiday of most producers, publication of the February tungsten guide price will be delayed. At present, tungsten concentrate supply has been further tightening, showing a bullish market outlook going forward. Jiangxi…
Domestic W Market Flat
22/01/20 | Tungsten
Shanghai Nonferrous Metals News Transactions have been stagnant on the domestic tungsten market. Tungsten concentrate prices were firm in the wake of shrinking supply on mine suspensions before the holiday. On the other hand, miners are not keen to sell at the current price of RMB88,000/t, in comparison to the…
Domestic W Market Stagnant
15/01/20 | Tungsten
China Commodity Marketplace The domestic tungsten concentrate market has stagnated. With relatively balanced supply and demand, industry commentators forecast a steady market next week before the New Year holiday. At present, wolframite (65% grade) mainstream quotations are holding steady at RMB 88,000~89,000/standard t; scheelite (65% grade) is at RMB87,000~89,000/standard t…
Domestic W Concentrate Prices Firm
06/01/20 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate producers/traders held firm on prices this week, in view of limited supply on few mining activities before the Chinese New Year as well as already low level prices. At present, wolframite (65% grade) mainstream quotations are at RMB88,000~90,000/standard t; scheelite (65% grade) is at…
Domestic W Market Stable
30/12/19 | Tungsten
China Commodity Marketplace Domestic tungsten concentrate prices held firm this week, leveraging downstream tungsten prices higher. Shrinking spot supply on low operational rates at mines in conjunction with relatively low prices previously drove tungsten concentrate prices up this week. At present, wolframite (65% grade) mainstream quotations are at RMB88,000~89,000/standard t;…
Super-Large W/MO Deposit Discovered in Henan
26/12/19 | Molybdenum, Tungsten
China Mining News The geological and Mineral Bureau of Henan has discovered a super-large molybdenum/tungsten deposits in Lengshui – Chitudian, Luanchuan, Luoyang. The new discovery will add 3.17 mln t of molybdenum, 439,600 t of tungsten, 361,600 t of lead, 2.36 mln t of zinc, 2.71 t of copper and…
China to Adjust Import Tariffs on Selected Products
23/12/19 | Tungsten
China Nonferrous Metals News China will implement the provisional import tax rate, which is lower than the MFN (most favored nation) tax rate for more than 850 products, with effect from 1st January 2020. Categories of products includes food and consumer goods, medications, equipment and machine parts, and some…
Domestic W Market Stagnates
17/12/19 | Tungsten
China Commodity Marketplace The domestic tungsten market stagnated last week, and it is unlikely to improve in the short-term. At present, raw materials holders are reluctant to sell at low prices and high-level quotations are being declined by buyers, resulting a stalemate. At present, wolframite (65% grade) mainstream quotations…
