China Commodity Marketplace

19th April: Xiamen Tungsten released its Q1 report 2019, forecasting an operating income of RMB 3.81 bln, up 11.68% on-year; a net loss attributable to shareholders of listed companies of RMB 26.26 mln compared with a net profit of RMB 30.05 mln in the same period last year

During the reporting period, demand for tungsten and tungsten products has been on the decline, leveraging down prices overall. The company’s tungsten and molybdenum sector realized a total profit of RMB 74.43 mln, down 33.60% on-year.

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