The Transaction Volume of Tungsten Concentrate Market is not Satisfied

Tungsten concentrate price is cooling down today. Some traders are going to do settlement at the end of 2012, so the fund pressure becomes obviously. In order to solve this problem, traders only choose to reduce their offers to increase order. Currently, 65% tungsten concentrate price based in Ganzhou could reach ￥115,000.00-119,000.00/mt. 60% Scheelite concentrate price based in Hunan focus on ￥114,000.00/mt.

However, some tungsten concentrate suppliers are not confidence with later tungsten concentrate market while traders try to suppress the price. It is understood that the demand of end users is seriously insufficient and the purchasing cost of downstream products is high. Many traders cannot consume their products in time which directly affect the market of raw market. Although tungsten concentrate suppliers have reduced their prices, it is not attractive for buyers enough. Insiders expect that tungsten concentrate price is going to cool down, the real transaction price would centralize on ￥116,000.00-118,000.00/mt

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