Tungsten concentrate market running smoothly, many businesses wait and see

Scheelite market running smoothly today, volume is still very small, although the downstream demand continues to slump, but with the continued strong guidance, the inquiry rose slightly, it is understood now downstream tungsten smelter's 60 degrees wolframite Inquire at 108,000 yuan / ton in the vicinity, but also according to the specific transaction and order of payment.

Scheelite expected short-term business or wait and see, for two main reasons: First, the demand continues to slump, limited downstream procurement, volume was light, difficult to sell at high prices; Second, many of the hands holding the goods inventories high, much higher than the current market price, the sale is a loss, and therefore wishes to sell low; Third, tight liquidity in the market, many small traders quilt death, operating a dilemma, only temporary fence.


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