The Tungsten Concentrate Prices Shows Weakness at Present

Chinese tungsten concentrate market still runs slowly this week, and as most consumers are cautious to rebuild stocks, the tungsten concentrate prices decrease. The offers for tungsten concentrate increased slightly in early this month, which were mainly pushed by the large-sized companies, while the customers were unwilling to accept the high level and the trading was thin in the spot market. Tungsten ore is oversupply and the price is hard to stay steady at present. Some tungsten traders have to undersell their goods under high pressure of fund. Moreover, the demand of end users are depressed, and the downstream enterprisers consume their high level stock in very slow way. Quotation of individual products falls into chaos, thereby increasing traders hold wait-and-see attitude and real transaction volume is low. Chinatungsten Online expects individual tungsten products price will reduce consistently, but not in a large range.

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