Tungsten Market Is in the State of Wait-and-See, Actual Transaction Remains A Stalemate

Tungsten market this week is in the state of wait-and-see  on the whole, in early September, downstream tungsten smelting have to prepare for later production, the raw material of tungsten concentrate inquiry, and now is a tentative inquiry, actual transaction remains deadlocked, spot market unusually quiet.

According to a survey, the supply of tungsten concentrate continues to exceed demand, tungsten business becomes slightly weaker in mentality, and were negotiating the price list in recent two days, but the trend has a slight dip, temporarily didn't specify a deal, both sides on the sidelines are waiting for pricing for specific operation again. It is understood that the current 60 degrees inquiry, clinch a deal valence has endangered white tungsten concentrate below 100000 yuan/ton mark, more than 60 degrees of black tungsten concentrate the buyer can accept the highest price of only 102000 yuan/ton.

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