Close to the traditional off-season, tungsten market downturn in demand

Tungsten market: the traditional off-season approaching, the market demand is more sluggish, tungsten concentrate market turnover continued light, mine take the goods properly and ore purchase price is higher, the relative cost of mining, now the ore price is still no inversion phenomenon, there certain profit margins, some businesses in order to ease the financial pressure, shipping is also relatively positive. APT, tungsten, iron, tungsten manufacturers received exercise alone has decreased, the price adjustment underpowered, although quoted stabilize, but the actual transaction Yindie material tungsten City this week, the market mainstream steady weakening.

Molybdenum market: focus on the recent bidding is at steel mills, business-to-floor high degree of concern, more participants maintain the sidelines. Molybdenum concentrate weak consolidation, despite high turnover blocked, but no obvious signs of low-cost selling; molybdenum prices narrow adjustment, heavy pressure. Molybdenum market is still expected short-term or slight fluctuations.

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