Recent Raw Tungsten Ore Prices Firm Up Slightly in Height Tight Scrap Tungsten Material Resources

Cargo operators reluctant to sell due to the recent raw tungsten ore prices firm in a slight rise. Height scrap tungsten material resources tight, turnover is relatively good. Powder products demand continues to slump, the overall market was constantly falling trend. Tungsten mainstream market is expected to short-term market steady run.

Macro level, HSBC China May PMI hit a five-month high, new orders rose to above 50; Sichuan province billion investment in water conservancy construction, Sichuan enterprises or will usher in opportunity; RMB exchange rate depreciation for the year to increase over 3%.


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