Continued weakness in tungsten demand, businesses wait and see

Tungsten market: yesterday Minmetals guidance prices flat, Ganzhou tungsten co guidance prices down slightly as expected, 65 degree black tungsten from 110000 to 107000, closer to the actual market price 105000, because the two big institutions offer the disagreement continued weak demand downstream, Shang Jiamu, before the main wait-and-see, late funds hold the goods business shipment or slightly increased, expected short-term tungsten price stability and fall.

Mo: Mo Concentrate spot market offer temporary stability, but were difficult, mining enterprises take the goods scarce. Hedge - ferromolybdenum manufacturers, manufacturers and distributors of foreign goods to face difficulties. The actual demand is not strong, the sale of poor atmosphere, product price pressure is heavy. Molybdenum chemicals and products supply and demand is relatively stable, little change around the market, supporting the deep processing of molybdenum market stable, expected short-term molybdenum, or show went trend.

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