Tungsten Concentrate Market Seems to Show its Downward Trend Again

Domestic tungsten concentrate shows its weak trend constantly by 17^th Dec. Mainstream prices of tungsten concentrate with more then 60% tungsten focus on ￥116,000.00-118,000.00/mt currently. Tungsten concentrate market is confronted “high price with low demand” situation now, while the enquiry from end-users sees few. As to tungsten ore, miners drastically drop the output; many investors choose to put their emphasis on the market of 2013.

Chinatungsten Online analyzes, low demand of end-users leads to weak driving force of tungsten prices rising. High purchasing cost results in low transaction volume which also has negative impact on tungsten prices. Recently, high-level prices of tungsten does not adapt to the market, thereby the price range of tungsten ore becomes narrow. Chinatungsten Online forecasts that tungsten concentrate market keeps steady and weak, tungsten concentrate prices go down again.

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