Continued weak market of tungsten concentrate, overall demand is not optimistic

Tungsten concentrate prices still continued weak market, the downstream demand is not optimistic. It is understood the smelting ferrotungsten manufacturers most has been discontinued, the manufacturer of APT for all the normal production, APT manufacturers in order to reduce the cost as far as possible with lower grade ore, is now the main use of tungsten concentrate grade of 50-60, leading to market more than 55 grade tungsten concentrate price before the close relative.

Because the downstream of tungsten products take the goods difficult and tungsten market short term no significant positive support, so buyers continuing the recent crackdown on inquiry, inquiry 60 degree of mineral wool is only 1.36 yuan / degrees (excluding tax), 60 degrees of tungsten concentrate inquiry is only 1.39 yuan / degrees (not including tax) near. However, it is understood the actual transaction should be higher than the inquiry, 55 degrees of tungsten concentrate without ticket prices in 1.4 yuan / degrees near, more than 60 degrees at 1.42 yuan / degrees near.

Because the inventory cost high, this year the market has no obvious rise of tungsten, tungsten business funds tied up a lot, now some shippers slightly exposed at a loss selling small amounts of tungsten to alleviate the financial pressure will.


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