Tungsten market downturn continued atmosphere of tungsten concentrate turnover continued stalemate

Tungsten market downturn continued atmosphere of tungsten concentrate turnover continued stalemate, despite holding the goods will ship cheap low, dragged down by weak demand , the current market price of the mainstream gradually approaching the low price range , the recent mainstream smooth tungsten market or continue to supplemented by a slight decrease .

Macro level, the spot exchange rate of RMB to new lows, the depreciation of more than 3% since the beginning ; MIIT: serious excess capacity of industry mergers and acquisitions windows began to appear ; April HSBC China PMI data showed a slight improvement in the economy .


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