Tungsten Concentrate Market Unchanged, Few Deals Can Be Seen as Usual

At the beginning of this week, the tungsten concentrate market is stable temporarily. Mainstream price of 65% Tungsten concentrate based on Ganzhou, Huan focus on ￥115,000.00-116,000.00/t, and the real transaction price may be higher to ￥118,000.00/t. As to lower price level, some traders are eager to throw goods that prices of ￥110,000.00-112,000.00/t exist as well while the condition is to deal by cash.

According to the analysis of Chinatungsten Online, with the coming of New Year, the contradiction between supply and demand in tungsten concentrate market exists. Some tungsten suppliers have to reduce their quotation since fund pressure, large amount of stock pressure and lower market demand pressure. However, the lowest price will not drop below ￥110,000.00.

A tungsten supplier in Dayu notes, ‘The sources of goods are various which is not benefit for solid of price. With the consideration of market risk, tungsten traders dare not to stock up goods.’

Generally, the supply and demand of tungsten concentrate market are not balance this year, in addition to drastically price rising recently, which both lead to high market stock. At the last week of 2012, the demand of end users cannot improve, thereby some tungsten suppliers have to ship in low price which restrict the whole quotation of market. Chinatungsten Online expects tungsten concentrate prices would reduce recently.

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