Raw tungsten ore prices firm highly 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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