Tungsten market: light deals yet with news support

Details: Category: Tungsten's News; Published on Tuesday, 23 April 2013 11:02; Hits: 2033

It was said several days ago that State Reserve Bureau planned to purchase a large volume of tungsten ores on Minmetals’ behalf. However, according to our observations, there are no obvious fluctuations in the tungsten ore market. Thus, the afternoon market is variable. As for the APT market, deals are light and quotations are random, causing difficulties in placing orders for firms. We expect a short-term rise in prices of raw materials of tungsten ores as the result of SRB’s purchasing news.

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