CHINA TUNGSTEN SNAPSHOT: Tungsten concentrates price rebounds; export prices rise on yuan appreciation, domestic market recovery

By Anna Xu / February 01, 2018 / www.metalbulletin.com / Article Link

Key data from Metal Bulletin's Wednesday January 31 pricing session in China.

Tungsten concentrates 65% WO3 in warehouse China RMB/tonne Key drivers: - Chinese tungsten concentrates offers rose amid low availability, with some miners leaving ahead of the country's February 15-21 break for Chinese New Year. - Appreciation of the Chinese yuan against the dollar has supported tungsten export prices, along with a recovery in domestic prices. Key quotes: - "Offers of black tungsten concentrates 65% have rebounded to above 110,000 yuan ($17,463) per tonne in recent days, because selling interest has fallen following the...

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