BEIJING, Jan. 7 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B
search platforms with more than 30 B2B industry websites to its name, analyzes
China's tungsten market.
According to Frbiz's 2009 predictions, China's tungsten market has
recovered, but will continue to face challenges as confidence gradually
China's economy maintained relatively fast growth, which will be good for
tungsten demand recovery and stability of growth; even though the short term
may not be out of the financial crisis, to stabilize the financial markets
will reduce the financial impact of the crisis cycle and restore global
economic growth for the international tungsten market.
In 2010, with tungsten ore resource integration and recovery of low-grade
tungsten comprehensive output growth, China's tungsten concentrate production
is expected to increase. Some of the top producing tungsten mines
(http://frbiz.com/q-tungsten/ ) have slowed production, which slows down the
growth of the tungsten market. Frbiz expects that tungsten concentrate
supplies will continue to remain basically stable.
The rise in cost of tungsten products each year will help support the
Chinese tungsten market price. In recent years, the tungsten mining
enterprises, or tungsten smelting, export trade and processing enterprises,
have significantly increased operating costs. Tungsten mining enterprises, in
order to extend service life of mines, have invested in environmental
protection and technological reforms, so ore mining costs continue to rise.
Since the Chinese market price of tungsten in December 2009 has stabilized,
the mainstream price of tungsten concentrate from February has risen to 65,000
RMB/Wo365%, year-on-year up 9.40%. In the long term, due to the scarcity of
resources, the special properties of tungsten and the application of the
advantages of China's tungsten resources, total market recovery is an
inevitable trend, which is also in line with social exchange value of
environmental resources continuously improving overall.
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