HK Stock Market Move | JIAXIN INTL RES (03858) rises nearly 6% again. The tungsten market prices are showing an accelerated upward trend, with tungsten concentrate prices reaching a historical high.

JIAXIN INTL RES (03858) rose nearly 6%, as of the time of writing, up 5.45% to HKD 41.38, with a turnover of HKD 26.841 million. On the news front, the tungsten market prices are showing an accelerating upward trend. According to "China Tungsten Online" statistics, the price of tungsten concentrate has exceeded RMB 40,000 per ton, APT (ammonium paratungstate) prices have exceeded RMB 60,000 per ton, and the price of tungsten powder is approaching RMB 1,000 per kilogram. Specifically, the price of black tungsten concentrate (65%) has risen to RMB 415,000 per ton, white tungsten concentrate (65%) is priced at RMB 414,000 per ton, tungsten powder is priced at RMB 990 per kilogram, and APT is priced at RMB 610,000 per ton. Prices of multiple varieties have increased compared to the previous day, with the price of tungsten concentrate once again hitting a historical record. Huayuan Securities released a research report stating that in the past two weeks, the price of black tungsten concentrate has risen by 9.76% to RMB 371,000 per ton, and the price of APT has risen by 12.12% to RMB 555,000 per ton. On the supply side, the mining indicators for tungsten concentrate have been reduced, and mines have generally slowed down production, leading to a continued tightening of industry circulation. On the demand side, domestic demand has remained stable, with essential procurement being the main focus, and a strong demand for PCB cutting tools. Recently, major domestic tungsten enterprises have increased prices for long-term contracts in the first half of December, boosting market bullish sentiment.