Association guided climb, tungsten City entered a consolidation phase stabilization

Tungsten market: Tungsten Association, Minmetals latest guidance stabilized stabilized in June, and May were flat, wolframite still at 110,000 yuan / ton, but tungsten concentrate market continues to calm, positive business operation no enhancement, subdued trading. Due to the recent ore price stabilization and recovery, improved business mentality powder products, price has gradually strong, cheap shipping will be significantly reduced. This is expected to boost business confidence to some extent, also means that the tungsten market will enter a phase of stabilization and consolidation.

Molybdenum market: recent external market continues to remain strong upward trend, substantial demand will continue to support the positive market outlook. Domestic molybdenum products market generally stable, but the lack of confidence in the business offer, the level of demand is not high, turnover difficult part of the business transaction and the price is low. Molybdenum market is expected to post or shock downstream possible.



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