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Operation of tungsten industry from January to November 2018

The output of major products increased steadily. From January to November, China's tungsten concentrate output reached 105,000 tons (WO365%), up 2.8% year on year. The output of fujian, guangxi and yunnan increased by 26.0%, 19.3% and 10.8%, respectively. The output of tungsten oxide, tungsten powder and tungsten carbide of 27 major tungsten smelting and processing enterprises increased by 0.9%, 1.9% and 3.8% year on year respectively, and APT output decreased by 2.3% year on year. The output of 18 major cemented carbide enterprises reached 23,000 tons, up 16.2 percent year-on-year.

Exports of tungsten have risen sharply. In the first three quarters of this year, China exported 29,000 tons of tungsten products (including cemented carbide, the same below), up 1.1% year-on-year. It is estimated that the annual export of tungsten products 35,000 tons, maintained at a high level.

Product prices stabilized and rebounded. From January to November, the average price of tungsten concentrate was 107,000 yuan/ton, up 21.1% year on year. London metal guide Europe's average offer was $315.7 / ton, up 32.9% year on year.

Economic performance continued to grow. From January to November, the main business income of 50 major tungsten enterprises increased by 18.6% year on year, and the profit increased by 37.6% year on year. Compared with the growth rate in the first three quarters, the growth rate decreased slightly by 1.7 percentage points, 11.6 percentage points and 4.1 percentage points respectively.
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