Tungsten ore guide prices continue to decline, business confidence

Today's tungsten market overall performance continued to deserted, adequate supply, but the downstream demand downturn, the overall still pile up in excess of requirement. Expected if not Shouchu force, May tungsten price will still rise asthenia, or continue to fall nearly 100000 mark.

Yesterday afternoon Minmetals Nonferrous and Ganzhou tungsten co published May guidance prices continue to decline, 65 degree black tungsten concentrate is 110000 yuan / ton, despite the decline compared with April narrowed, but still larger. According to the current understanding of the market 60 of tungsten concentrate near the 102000 yuan / ton, 65 degrees of tungsten concentrate near the 105000 yuan / ton, price guide price is still higher than the actual market price, so in the short term the actual transaction effects, but still to a certain extent on the business confidence.

Though still in the continuous production of manufacturers, but now the price will ship is not high, but the market; shippers also continue to wait and see, but with the guidance prices continue to fall, the shipment will increase, some businessmen to ship but the price is still high, clinch a deal the stalemate; buyers also continued to demand a low price, the transaction is not smooth.


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