Tungsten ore guidance downward, weakening business confidence

With the decline Minmetals and guidance of the Association of tungsten , further weakening business confidence , but because of the current market prices are close to cost line , holding business profitability is very weak, cheap shipping will remain low, most market participants are still on the sidelines , the market turnover is rare .

It is understood that currently more than 60 degrees wolframite inquiry focused on 1.47-1.5 yuan / kWh, kind tons quotes are below 110,000 yuan / ton.

Analysis of tungsten concentrate prices are expected this month, weakening the mainstream , but the decline is limited, there are two main supporting factors , while prices have been approaching the cost of the line , on the other hand holding the goods on the market in the second half of tungsten still have certain expectations, is likely to hold stocks on the sidelines.


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