This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tungsten Market Update (October 18, 2012)

Chinese tungsten prices have reportedly risen. Wolframite grade 65 percent has increased from RMB 102,000 to 105,000 to the range of RMB 103,000 to 106,000, according to Metal-Pages. APT 88.5 percent increased from RMB 158,000 to 162,000 to between RMB 160,000 and 163,000. Those increases do not, however, appear to be driven by strong demand. As has been the case over the past several months, some market participants are showing resistance to the idea of selling into this weak market and are holding onto their supplies.

Export prices of Chinese APT did not rise along with metal prices on the domestic market and are $340 to $345/mtu. That is similar to EU prices, which are flat at $340 to $360/mtu.

The tungsten market remains slow, with consumers continuing to avoid building inventories and instead purchasing on an as-needed basis. Due to the uncertainty that has been so prevalent in the market, consumers are whittling down their stockpiles. Many market participants are not optimistic that conditions will improve during this final quarter of 2012.

Tungsten Market Update (October 18, 2012) from Tungsten Investing News

null

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,238.70 -178.15 -1.02%
S&P 500 2,002.56 -18.69 -0.92%
NASDAQ 4,649.0230 -34.3840 -0.73%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs