Tungsten Market Continues To Be in A Weakness
- Details
- Category: Tungsten's News
- Published on Monday, 25 August 2014 15:21
Domestic economy continues to slump, and the actual demand of tungsten market is still weak, so that tungsten concentrate prices fell again this week, mainly reflected in the price of white tungsten concentrate, black tungsten concentrate is slightly strong for it is rare and the grocers are reluctant to sell out. At present, a lot of tungsten market participants are negative to the late market, and hold the attitude of wait-and-see. It is expected that tungsten concentrate will still be weak in a short term.
Recently, tungsten market deal focus on white tungsten concentrate, not black tungsten concentrate. It is reported that the quotation of white tungsten concentrate from purchaser is 100000 yuan/ton for cash, 101000 yuan/ton in a half month. Foreign offer from grocers is 103000 yuan/ton, buyers and sellers are in a stalemate. As we have learned that dealing price of white tungsten concentrate is cash 101000 yuan/ton.
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