The Ganzhou Tungsten Industry Association released the guiding price of tungsten products in May on the afternoon of the 6th. The guiding prices of black tungsten concentrate, APT and medium-grain tungsten powder were 133,000 yuan/ton, 200,000 yuan/ton and 310 yuan/kg, respectively. Compared with April, they rose by 9.1%, 5.8% and 5 respectively.
The Ganzhou Tungsten Industry Association recently released the guidance price for tungsten products in May. The guiding prices of black tungsten concentrate, APT and medium-grain tungsten powder are 133,000 yuan/ton, 200,000 yuan/ton and 310 yuan/kg, respectively. , which rose by 9.1%, 5.8% and 5.8% respectively. Analysts said that behind the rise in tungsten prices, the country has a strategic expectation of this rare metal. Stimulated by this news, Xiamen Tungsten Industry, Zhangyuan Tungsten Industry and Hirose, and other listed companies with rich tungsten mines rose sharply on the afternoon of the 6th. According to industry insiders, China's tungsten resources account for nearly 70% of the world's proven reserves. At present, the annual global tungsten production of more than 80% comes from China. Quzhou is known as the “World Tungsten Capitalâ€. Among them, high-quality wolframite reserves account for about 70% of the same kind of mines in the country and 60% of the world. Therefore, the guidance price of tungsten products of Ganzhou Tungsten Association is quite weighty.
The policy related to the rise in tungsten prices is that China is likely to strategically store the product. Recently, the State Reserve Bureau will commission China Minmetals to collect and store at least 10,000 tons of tungsten concentrate in the industry. Although the news has not been confirmed by Minmetals, Minmetals is as early as 3, April put wolframite guidance increased to 135,000 yuan / ton. Moreover, since the fourth quarter of 2012, traders such as Minmetals have gradually collected and stored tungsten concentrates in the Yinzhou area. The reserves have reached 30,000 tons, accounting for about 20% of the actual domestic production. The price increase of the Ganzhou Tungsten Association did not reach the guidance price given by the Minmetals.
Among the listed companies, Zhangyuan Tungsten is located in Zhangzhou, mainly engaged in tungsten concentrate mining, smelting and deep processing of tungsten products. The company has 4 mining rights mines and 6 prospecting rights mining areas. In recent years, the exploration results have been remarkable, especially the three mined mines and the patio pits of Taoxikeng tungsten mine, Xin'anzi tungsten tin mine and Shilei tungsten mine. The mines have achieved staged results in exploration, which will increase the company's mining service life and reserve sufficient resources for subsequent mining. It is also known that the company's first high-performance, high-precision coating blade technology transformation project (Phase I) was completed at the end of last year. It is currently undergoing equipment commissioning and trial production, and is expected to contribute to its performance. “The company’s quarterly report decreased by -43.97% year-on-year, and the first half of the year is expected to decrease by 30% to 60%. This is because the company is mainly order sales. Most of the first half of the year was executed. The company’s tungsten products are also increasing prices. The third quarter results will gradually reflect," said one company executive.
According to the data, among the listed companies, Xiamen Tungsten and Guangshao Nonferrous are rich in tungsten ore. If the tungsten ore continues to increase in price, the value of these resource-based enterprises will be highlighted.
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