Tungsten weak demand, prudent traders operating
- Details
- Category: Tungsten's News
- Published on Tuesday, 01 July 2014 14:40
Tungsten market: Due to continued weakness in demand, low prices, some of the tungsten iron smelters home suspend production, planning and other market conditions improved then. Medium and large tungsten iron smelter home remains started purchasing much for tungsten iron, large manufacturers inventory pressures, cautious traders operate. Scheelite mainstream market to stabilize, but demand remained weak, the specific transaction Yindie phenomenon, the relative decline in the actual transaction 500-1000 yuan / ton, high quotations have also been reduced, expected post-market or down slightly.
Molybdenum market: Recently some steel products entering molybdenum tender, but the tender results are scheduled to decline, exacerbated the market deserted atmosphere of the venue, and businesses pessimism mentality. Molybdenum iron ship is still weak, but companies offer relatively stable, the mainstream price Yindie bottom. More short-term bearish, material prices or weaker.
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