Latest news on China Tungsten markets

CMOC's H1 moly output falls 12% on year

Molybdenum output at Shanghai- and Hongkong-listed CMOC Group Limited (CMOC) during the first half of this year reached 7,349 tonnes in 100% moly content, lower by 1,040 tonnes or 12.4% from the same period last year, according to the company's latest semi-annual report.

China Minmetals posts best year in 2019 after the merger

Since the formal merger with China Metallurgical Group Corporation (MCC) in June 2016, China Minmetals Corporation (Minmetals), a top state-owned mining investment, metals trading and engineering and construction company, posted the best-performing year in 2019 with its annual revenue up 13.4% on ye

Xiamen Tungsten’s H1 net profit slumps 77% on year

Xiamen Tungsten Co, a major tungsten supplier headquartered in South China’s Fujian province, saw its net profit in the first half of 2019 slump by 77% on year to Yuan 77.4 million ($10.8 million), according to the company’s semi-annual report released on August 23, which blamed the sharp fall mainl

China ferrotungsten price drops on bearish sentiment

Domestic prices of ferrotungsten across China have continued to drop amid the lingering bearish sentiment in the market, with that for 80% W ferrotungsten losing another Yuan 2,000/tonne ($289/t) month on month to reach a 22-month low of Yuan 154,000/t including the 13% VAT as of June 13, according

China ferrotungsten price at 21-mth low on thin demand

China’s ferrotungsten price has been trending down since early April, undermined by thin demand and bearish sentiment, with that for 80% W ferrotungsten losing another Yuan 3,000/tonne ($436/t) month on month to reach Yuan 156,000/t including the 13% VAT as of May 15, according to Mysteel’s database

Tungsten smelters clip prices, denting market confidence

China’s major tungsten smelters have decided to lower their prices of tungsten and APT for long-term customers for sales over the first half month of April, a decision which has cracked tungsten-market confidence and dragged down spot prices, Mysteel learned Tuesday.

China’s ferrotungsten price gains on cost support

China’s ferrotungsten price has posted gains recently, levered higher thanks to the continuous rise in domestic prices of tungsten concentrates, with that for 80% W ferrotungsten gaining Yuan 2,000/tonne ($299/t) to reach Yuan 161,000/t as of March 20, according to Mysteel’s database. Prior to the i

China’s tungsten ore price rises on tight supply

Chinese prices of tungsten concentrates have reversed up from a six-month low, thanks to support from the tight supply of raw ores, with the price for W 65% or higher gaining by Yuan 1,500/tonne ($224/t) week on week to reach Yuan 97,000/t including the 16% VAT as of March 6,

China tungsten prices seen stable ahead of CNY holiday

Chinese prices of tungsten products are expected to remain stable prior to the start of the Chinese New Year holidays over February 4-10, industry sources said Friday. Market sentiment should receive a little lift because the reduction in supply will likely offset the impact of the dip in demand, th

Poor sentiment sends China Tungsten price to 16-month low

Chinese prices of tungsten products remain under pressure, with that for 80% W ferrotungsten declining to a 16-month low of Yuan 159,000/tonne ($23,413/t) including the 16% VAT as of January 9, down another 2.5% or Yuan 4,000/t from one month earlier and making for a 10.7% decline on year, according