The Zhitong Finance App learned that Jiaxin International Resources (03858) rose nearly 6% in the afternoon. As of press release, it rose 4.41% to HK$40.26, with a turnover of HK$59.215 million.

According to the news, CME (CME) announced that it will launch tungsten futures contracts to meet the growing market demand for price risk management tools. According to reports, CME plans to launch this contract in the first quarter of 2027. The contract will be settled in cash, which means that the buyer cannot obtain tungsten through physical delivery of the contract, but can use the contract to hedge against the risks caused by fluctuations in the price of tungsten.

China Merchants Securities pointed out that hard restrictions on tungsten supply compounded strategic premiums, and prices are expected to stop falling and rebounding in the fourth quarter. CICC pointed out that China's total exports of tungsten products are tight, and the domestic export structure is shifting to high value-added products. The tight trend of global tungsten supply and demand remains unchanged in the medium to long term. It is estimated that in 2026-2029, the global tungsten supply and demand gaps will be 22,000, 24,000, 24,000, and 25,000 metal tons, respectively, accounting for 13%-14% of total global tungsten consumption.

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