Tungsten Market Has Weakened Further With the Pressure of Inquiry

Tungsten market this week has continued to slump, and money of  tungsten businessmen is tight, the supply and demand is in a state of wait-and-see with the lackness of market operation, then the dealing volume is less. Tungsten market wait-and-see sentiment is strong, because there is still no positive signs, and the market is lack of strong confidence to support, and smelting factory such as downstream APT has continued to put pressure on the inquiry of tungsten concentrate and raw materials, currently 60 degrees of tungsten concentrate has now 100000 yuan/ton lower inquiry.

It is expected that before the price be published in September, tungsten, or stabilizing run, clinch a deal difficult breakthrough;Price is also difficult to rally may tungsten concentrate in September, main factors are: one is the normal production in mines, raw material supply growth; Second, the downstream demand remains weak, long-term difficult to balance the supply and demand, supply exceeds demand; Three is tungsten business money is tight, the businessman and careful operation, or thrown at cheap prices, all of this is bad for ore price upward.

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