Chinese Tungsten Concentrate Price Edged Down due to Negative Purchasing

Details: Category: Tungsten's News; Published on Thursday, 28 August 2014 14:42

Chinese tungsten concentrate was offered at RMB106,000-107,000/mt (USD17,377-17,540/mt, export duty excluded), as downstream demand was depressed. Some miners with high stock had to drop offer, while others were watchful.

A tungsten concentrate miner from Hunan offered RMB109,000/mt (USD17,868/mt, export duty excluded), and only sold materials to Minmetals. Minmetals decreased buying volumes, and real transaction price slipped slightly. It is expected that W concentrates future market would keep steady, and rely on indication floor price next month.

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