The first half of 2014 tungsten price will be in low wander
- Category: Tungsten’s News
- Published on Monday, 05 May 2014 08:28
The first half of 2014, due to market demand has not improved significantly, at the same time, Pan Asian exchange million tons of APT warehouse has Mancang close, good effect on the market is gradually weakened, is expected to price will be in low wander.
“ the second half of the year, with long production of the new resource tax scheme implemented, tungsten costs rise, and then forced the whole industry chain prices. &rdquo said one analyst.
The analysts said, 2013 China tungsten market prices rose 10.8% to 130300 yuan / ton, the main support factor for the state and enterprises linked storage.
The domestic market is still oversupply of tungsten. Analysts pointed out that, in 2013 the domestic tungsten production was 71000 tons, demand is 33000 tons, with exports 14% of the decline, the excess supply situation worse.
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