Tungsten market continued oversupply, weak demand

Tungsten market: tungsten market continued oversupply and weak demand, exert downward pressure on prices, then mine is now reluctant to sell, not cheap shipping, led to the current stalemate market transactions, prices temporarily smooth operation, scrap tungsten steel prices continue to run smoothly, the market weakening turnover from the previous month, the merchant price adjustment underpowered. Scheelite continued strong market sentiment, because tungsten ore and more money in the hands of traders were caught, sell it at a loss, could not move, watching the majority. Expected short-term market or stable tungsten slightly weak.

Molybdenum market: Industry season has to external molybdenum commodity prices tumbled, making shipping businesses bid prices continuing to fall. Deserted by the demand and the impact resistance of large shipments of domestic molybdenum concentrate, molybdenum, iron and other primary market prices have come down some. Expected short-term molybdenum market or a slight downward adjustment based.

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