Chinese FeW Price Stabilized amid Sluggish Demand

Details: Category: Tungsten's News; Published on Friday, 05 September 2014 14:51

Chinese tungsten concentrates was offered at RMB106,000-107,000/mt (USD17,377-17,540/mt, export duty excluded) , but the real transaction price was as low as RMB103,000-104,000/mt (USD16,885-17,049/mt, export duty excluded). Downstream buyers pressed bids, and traders were reported to obtain 60%W concentrates at RMB100,000/mt (USD16,393/mt, export duty excluded). Miners insisted their offers, as they had limited materials in hand.

Chinese FeW price kept flat, being offered at RMB178,000/mt (USD29,180/mt, export duty excluded) by acceptance. Downstream steel mills purchased small volumes, so part FeW producers somewhat cut output.

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