Bottom price of tungsten has been seen

Dec. 21, 2011 - PRLog -- News this week said the global economic and policy tends to relax. Australia's central bank cut interest rates again this week by 25 basis points to 4.25%, the European Central Bank cut interest rates 25 basis points again to 1%. In November, China's CPI value of 4.2% states that after inflationary pressure remission, there is possibility of lowering deposit against reserve. But the phase result of EU summit this week still could not appease the market, the European Central Bank to buy bonds still stand.

Weekly feature: have seen the bottom of the tungsten price? We determine the price of tungsten has been looking into the stage at the bottom, as expected, as early.

   Phenomenon: Until December 9th, 65% tungsten concentrate price of 13.8 yuan / ton, has shown recovery from 131,000 yuan per ton over the beginning of November. On December. 6th, China Minmetals announced the guide price of tungsten concerntrate is 139,000 yuan per ton. Ganzhou Tungsten Association’s guide price of tungsten concentrate is 13,7000 yuan / ton, which prove the judge of stabilizing tungsten price.

12.06 Minmetals announced wolframite concentrate offer, co-wolframite concentrate Ganzhou Tungsten guide price of 13.7 yuan / ton, but also should permit the judge to stabilize the price of tungsten.
   
   Reasons of tungsten price stabilization: driving force of price stabilization is supply level. In the shot term, some tungsten mine shutdowns, supply of tungsten ore have been tense is he main driving force of promoting the recovery of tungsten price. In the long term, due to government control, production capacity under construction is very limited, which makes the longer-term growth rate of tungsten concentrate production remained a judge of slow growth.

  As for inventory, there is no big pressure in reducing inventory. Stock inventory is limited, while the majority of tungsten ore traders currently have no financial pressure, and have little willing of selling tungsten concentrate ore stock.

The increase period of increasing tungsten price is judged to be after the Spring Festival: The current demand is still in a low end, tungsten powder factory operating rate is still not high, and some fell to 50%. However, the industry looks forward to market procurement after the Spring Festival and making up inventory effects amplifying demand. We will see after the Spring Festival, tungsten prices rise again.

(Visit http://www.tungstenalloy.net/Tungsten-bar/ for details)
(Visit http://www.tungstenalloy.net/Tungsten-wire/ for details)
(Visit http://www.tungstenalloy.net/Tungsten-rod/ for details)

# # #

Bango Alloy Technologies Co., Ltd. is a Leading Manufacturer and Supplier Of Quality Metals Offering Tungsten, Tungsten Alloy, Tungsten Carbide, and more!