Tungsten ore market confidence further weakened, suffered another inquiry to suppress

This week tungsten market continues to slump, cash-strapped businesses in tungsten, supply and demand have to wait and see, less market operations, thinly traded. Tungsten ore market sentiment strong, due to favorable factors has yet to see signs of market confidence weakened further downstream APT continued pressure of raw materials such as tungsten concentrate smelter home inquiry, currently 60 degrees Scheelite has now 100,000 yuan / ton low quote.

Guided announcement is expected before September, tungsten City or stabilization operation, turnover is difficult to break; September tungsten concentrate prices have soared hardly possible, the main factors are: First, the normal exploitation of mines, supply of raw materials continues to grow; Second downstream demand continues to slump, long-term supply and demand balance is difficult, oversupply; three tungsten businesses generally funds are tight, businesses or operations cautious, or cheap Paohuo, which is not conducive ore prices upward.


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