New year's taste hasn't disappeared. Tungsten businesses are looking for new opportunities

During the closing period of the Spring Festival in China, under the expectation of strong demand for metals after the Chinese festival, the rise of US stocks and the good support of US data, the LME basic metals are all booming Although the LME basic metals are depressed by the rise of the US dollar and the announcement of China's increase in deposit reserve, the market worries about the European debt crisis are eased and the stock market is rising Encouraged by the US dollar callback, the LME basic metals are recovered On Friday, February 19, investors did not pay attention to the impact of the Fed's increase in discount interest rate on the weakening of commodity liquidity Under the optimistic expectation of strong demand after the festival in China, London Metal continued to rise across the board, and the inflation value of the United States was lower than the market expectation, of which London nickel closed at 20650 US dollars / ton and rose by 2100 US dollars / ton during the festival According to the monitoring of nonferrous metals business association, after the festival, some domestic businesses increased the price of tungsten products, and the tungsten product market gradually warmed up compared with that before the Spring Festival However, many businesses have begun to layout 2010, focusing on the tungsten product marketing and market expansion With the gradual recovery of the economy and the gradual development of various projects after the festival, the market demand for tungsten products will gradually expand The upstream will continue to be in short supply, the supply and demand in the middle reaches will be equal, and the downstream supply and demand structure will be more than the demand pyramid With the cancellation of EU antidumping duties on tungsten products to China, the favorable stimulus to tungsten exports should gradually play a role, and further boost the export demand of apt, ferrotungsten, etc According to authoritative media, the "2010 China tungsten industry development and Investment Summit Forum" hosted by netsheng businessbao (Stock Code: 002095) and Fanyu information will be held in Jiangxi from March 25 to 27 At present, more than 30 tungsten ore and tungsten alloy enterprises have signed up At that time, there will be tungsten ore, tungsten powder, cemented carbide, tungsten chemical industry and other units as well as investors to discuss new projects According to the questionnaire of enterprises registered for the meeting before the festival, with the cancellation of EU antidumping duties on tungsten products to China and the release of guidance on tungsten industry development in 2010, tungsten industry will usher in a small spring of development, which is exactly what the registered enterprises are looking for At the same time, many enterprises hope to gradually expand the product market after the festival to find partners, and they will invest in the meeting The investors brought a lot of project funds According to the statistics of China Nonferrous Metals Industry Association, in December last year, the equivalent volume of tungsten concentrate (65% WO3) in China was 12300 tons, an increase of 1.65% month on month; in 2009, the domestic tungsten concentrate output was 99000 tons, an increase of 17.35% year on year With the recovery of demand, the output from November to December increased rapidly In 2009, Hunan produced 23100 tons of tungsten concentrate, a year-on-year decrease of 16.25%; Jiangxi produced 46600 tons of tungsten concentrate, a year-on-year increase of 18.68% In 2009, Jiangxi's tungsten concentrate output accounted for 47.1% of the total national output, Hunan's 23.3% of the total national output, and Jiangxi and Hunan's 70.4% of the total national tungsten concentrate output The output of Guangdong, Guangxi, Henan and Fujian increased rapidly, so the proportion of Jiangxi and Hunan in the national tungsten concentrate output also decreased In 2009, the supply of tungsten ore exceeded the demand, but since the end of 2009, especially at the beginning of 2010, the market of tungsten products has been boosted by the demand of Europe and the United States, and the market has started rapidly Traders and investors have paid more attention to tungsten At present, the market is affected by the merchants' reluctance to sell The supply of tungsten ore is tight, and the market is stuck in the throat, which makes many merchants feel uneasy Although there are many businesses that stop production and seal the disk, the attention of many businesses to the tungsten market has not decreased at all Wuyehuiyi2010.tool.com: 0531-62311908, fax: 0531-62311800, business agency: Mr Liu