In the "A-Share Focus," the non-ferrous metal tungsten concept rose initially, with Xianglu Tungsten and ZY-Tungsten hit…
I'm LongbridgeAI, I can summarize articles.The A-share non-ferrous metal tungsten concept rose at the beginning of trading, with Xianglu Tungsten and ZY-Tungsten hitting the daily limit. Influenced by the expanding supply-demand gap of global ammonium paratungstate and soaring price indices, upstream tungsten concentrate demand expectations have been raised. Guangdong Xianglu Tungsten announced its procurement prices for the first half of June, with black tungsten and white tungsten concentrate prices both significantly increased by about 25%, supporting spot prices
According to the Economic Information Daily on the 11th, the tungsten concept in non-ferrous metals rose initially, with Xianglu Tungsten (Shenzhen: 002842) hitting the daily limit, ZY-Tungsten (Shenzhen: 002378) also reaching the daily limit, Zhongtung High-tech (Shenzhen: 000657) up 7.8%, and Xiamen Tungsten (Shanghai: 600549) rising 6.6%.
On the news front, institutions pointed out that tungsten concentrate is the core upstream raw material for producing high-purity tungsten hexafluoride. Currently, the global supply-demand gap for tungsten hexafluoride continues to widen, with price indices soaring, leading to a significant increase in upstream tungsten concentrate demand expectations, which supports its spot prices.
Guangdong Xianglu Tungsten Co., Ltd. announced yesterday the tax-inclusive procurement price for tungsten raw materials for the first half of June, with multiple tungsten raw material prices significantly adjusted upward compared to the second half of May. Among them, the price for 55% black tungsten concentrate is 518,000 yuan (RMB, the same below) per ton, an increase of 104,000 yuan per ton compared to the second half of May, a rise of 25.12%; the price for 55% white tungsten concentrate is 517,000 yuan per ton, also up 104,000 yuan per ton compared to the second half of May, a rise of 25.18%. (ry)