Asian Metal visits Ganzhou Gannan Tungsten Industry

On 22nd Mar, 2013, Daly Lu, the analysis of Minor Metal Dept. in Asian Metal, visits Ganzhou Gannan Tungsten Industry Co., Ltd. and shared tungsten market information and opinions with Mr. Huang Zhibin.

Ganzhou Gannan Tungsten Industry Co., Ltd. was set up by the Ganzhou Industrial Investment Corporation and Minmetals joint venture. There are some joint -stock companies in Ganzhou, like Chongyi Zhangyuan Tungsten Products Co., Ltd., Ganzhou Grand Sea W& M Group Co., Ltd., Ganzhou Tejing Tungsten & Molybdenum material Co., Ltd. ect.

At the beginning of 2013, owing to the Chinese Spring Festival holiday, the tungsten products prices moved up gradually, but the trading volume did not recover. After the holiday, the supply was relatively tight in the spot market, so the suppliers held offers firm. However, owing to the weak demand, the tungsten products offers decreased in the recent days. Under the production cost, the decreasing range is limited. It is expected that the tungsten market will be stable in the near future.

Furthermore, Mr. Huang appreciated the Asian Metal and expected Asian Metal could focus on the object and fair market analyst in the future. Moreover, they make suggestions to Asian Metal about the tungsten products development.