City continued weak demand for tungsten Gannan Tungsten enormous pressure

By the international and domestic macroeconomic impact, Gannan tungsten industry pressure is still great. Tungsten market downturn, thinly traded and capital returns slowly. Currently Ganzhou Scheelite tungsten Association offer of 9.5 yuan / ton, APT15.2 yuan / ton, the highest in nearly three years to a record low, lower actual transaction.

Scheelite than the 2011 peak of 155,000 yuan / ton down nearly forty percent over the same period last year, 120,000 yuan / ton fell as much, and no signs of improvement in a short time. Currently, tungsten smelter home production enthusiasm is low, especially in the procurement of raw materials carefully; tungsten ore businesses wait and see mood strong, more waiting in December guided introduction; insiders predict guided or continue to decline in December, wolframite guided or dropped 90,000 yuan / ton.


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