Tungsten Concentrate Demand is Going Worse, Real Transaction Price Even Lower

At present, the demand of tungsten concentrate becomes worse that suppliers are not confident with market in near future. Today, mainstream 65% tungsten concentrate price based on Ganzhou focuses on ￥115,000.00/mt, real transaction price could as low as ￥112,000.00/mt, more than 60% scheelite concentrate quotation based on Hunan is ￥113.000.00/mt.

According to the analysis of Chinatungsten Online, the situation of supply exceeds demand is hard to reverse in short time. Some tungsten concentrate suppliers are hurried to get cash that they are more willing to ship. However, the demand of downstream users, few deals can be seen. Under this situation, price range goes narrow that delivery price shows its downward trend. Chinatungsten Online expects, tungsten concentrate prices will keep weak, but the price will hold above ￥110,000.00/mt.

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