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[ferro-alloys.com] According to the statistic of customs data, the export volume of Ferro-tungsten in March 2017 was 167.45 tons, increased by 0.45 tons month on month compared to the 167 tons of February 2017, and decreased by 23.36% year on year compared to 218.5 tons of March 2016. At the same time, the accumulated export volume in China from January to March (the first quarter) of 2017 was 495.45 tons, decreased by 46.7 tons compared to 542.15 tons of January to March of 2016 (reduced by 8.61% year on year).

Of which, 96 tons Ferro-tungsten was exported to Netherlands in March 2017; 35.5 tons was to Japan; 24 tons was to America; 10 tons was to Taiwan; 1.5 tons was to Vietnamese; 0.2 tons was to Thailand; 1.5 tons was to India; 1 ton to Australia.

Currently, main offer including VAT of Ferro-tungsten 70% in China ranges from RMB 125,000 to 128,000/mt; main offer of ferro-tungsten 80% ranges from RMB 129,000 to 132,000/MT, increased by RMB 1,000/mt again compared to the earlier stage, and higher acceptance offer of part Ferro-tungsten 70% is reached to RMB 130,000/MT.

For the current market, because environmental supervision continues to be conducted in Hunan and Fujian, for a short time, supply of raw material tungsten concentrate is difficult to relieve and price of tungsten concentrate continues to rise, and raw material is more difficult to purchase. It is hopeful to keep a good tendency in stable Ferro-tungsten market, prices of bid inviting of Ferro-tungsten of part steel mills in May will be bound to rise to receive their goods, only that the practical concluded activities degree may be expected to rise. 

• [Editor:Wang Linyan]