Tungsten ore market funds are tight, deal stalemate

With the recent shortage of tungsten market continued to decline, tungsten business confidence, generally considered: New Year's Day before, because of lack of demand for support, coupled eager to cash in the end, the market outlook is still lower ore prices or risk.

However, tungsten ore cargo operators who are mostly in the hands of the high inventory stocks, low willingness to sell at a loss; unless some businesses eager to cash in tight liquidity, but also require cash settlement, but the downstream buyers also facing financial difficulties, so little cash market in large quantities transaction, a small amount of low-cost multi-cash transactions.

With tungsten concentrate prices continued lower, from eleven small holiday, wolframite from 101,000 yuan / ton down to the current 88,000 yuan / ton, a cumulative fall of 13,000 yuan / ton, down a lot . Most businesses think prices have been at a lower price, the recent APT and other downstream smelters home prices are starting to see the procurement of raw tungsten ore concentrates, but the inquiry suppressed low. It is understood that the purchaser 60 scheelite Quote pressure to 8.3-8.4 yuan / ton, 60 wolframite Quote pressure to 8.5-8.6 yuan / ton.


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