Tungsten Market Keeps Stable and Less Transaction

Details: Category: Tungsten's News; Published on Wednesday, 03 September 2014 16:01

This week tungsten market still keeps downturn, tungsten merchants have financial strain, both buyers and sellers wait-and-see, there are less market operation and less transaction now.Tungsten market wait-and-see mood is strong, because there is still no good news, market confidence further weakened, downstream APT smelting factories last to suppress raw materials tungsten concentrate quotation, at present W60 appeared 100000 yuan/ton's low quotation.

We predict that before September guid price published, tungsten market will keep stable, transactions difficult to breakthrough. The tungsten concentrate price is hard to rise on Sep, majoy factors include, firstly, mine normal exploit, raw materials supply continued to grow, secondly, downstream demand lasts weak, supply and demand is hard to achieve balance, the supply exceeds the demand, thirdly, tungsten merchants has capital strain, so they are cautious to operate, maybe low price to sell, these are not good for mine price rise.

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