Fanya APT Stocks at Auction
17/09/19 | Tungsten
Shanghai Nonferrous Metals News 16 September: Kunming Intermediate People’s Court of Yunnan auctioned the APT stocks of Fanya (Pan-Asian) on the auction platform of the Alibaba Judicial Network from 10AM September 16 to 10AM September 17, 2019. The auction was for 28 kt of APT in stock at the Ganzhou…
Domestic W Market Rebounds
17/09/19 | Tungsten
China Commodity Marketplace This week: The domestic tungsten market rebounded, showing a strong upward momentum. Miners previously cut production under pressure from continued low prices, resulting in tightening supply in the spot market. In addition, miners have been waiting for a price rebound and traders held back sales when prices…
GTA Published Forecast Prices
09/09/19 | Tungsten
China Commodity Marketplace GTA (Ganzhou Tungsten Association) published its forecast prices for tungsten products in September 2019. The forecast price for wolframite concentrate (55% WO3) is RMB 73,000/standard t, up 4,500/t on-month, and that for APT is up by RMB 4,500/t on-month to RMB 113,000/t. Prices for tungsten powders (medium…
Domestic W Market Stagnant
05/09/19 | Tungsten
China Commodity Marketplace-20190904 The domestic tungsten concentrate market has stagnated, with miners/traders having no incentive to sell at low prices levels, and downstream buyers unwilling to restock on sluggish demand. At present, wolframite (65% grade) mainstream quotations are steady at RMB 73,000~75,000/standard t; scheelite (65% grade) is at RMB 72,000~74,000/standard…
W Prices Expected to Rebound on Tightening Supply
03/09/19 | Tungsten
Shanghai Nonferrous Metals News After domestic tungsten smelters began to cut operations at end-June, supply of tungsten raw materials and products has tightened, gradually stabilizing tungsten prices. The pace of de-stocking at some tungsten smelters has increased, and several have tentatively increased their quotation prices. In early August, Qiu Wanyi,…
China’s First Resource Tax Law
China Nonferrous Metals News 26th August: China’s first resources tax law is published and will be formally implemented on September 1, 2020. At this time the ‘Provisional Regulations on Resource Tax’ implemented since 1994 will be abolished. The full text of the resource tax law has not yet, been disclosed…
Domestic W Market Stable at Low Levels
22/08/19 | Tungsten
China Commodity Marketplace Domestic tungsten miners are not interested in produce given prices being long lower than production costs; consequently they are reluctant to sell at low prices – instead hold firm on prices. At present, wolfram (65% grade) mainstream quotations are at RMB 72,000~74,000/standard t; sheelite (65% grade) is…
W Price Under Pressure
09/08/19 | Tungsten
Shanghai Nonferrous Metals News Recently, Qiu Wanyi, Secretary-General of the Ganzhou Tungsten Industry Association, said that the decline in tungsten prices can be attributed to the following three reasons: Lack of confidence in tungsten prices. Lack of confidence as a result of escalation of US-China trade conflicts. Additionally, the…
Ganzhou W Association Publishes Guide Prices
08/08/19 | Tungsten
China Commodity Marketplace 6 August: Ganzhou Tungsten Industry Association published its guide prices for tungsten products in August 2019, showing an overall increase on the previous month. The guide price for wolfram concentrate (55% WO3) is RMB 68,500/standard t, up 1,500/t on month, and that for APT is up…
