Tungsten market continues to wait and see, the actual transaction did not significantly breakthrough

Tungsten market: tungsten market continues to wait and see, procurement of raw materials downstream smelters home care, Scheelite inquiry slipped slightly, lack of business confidence, the late ore prices have fallen below 100,000 in danger. Inquiry ferrotungsten increase, but the actual trading volume was not significant breakthrough, most homes are still in the smelter shutdown / production running. Tungsten strong market sentiment, higher shipments will begin low-cost businesses take the goods, leading to continuous price decline, the downstream demand is still sourcing, trading atmosphere deserted.


Molybdenum market: Recently molybdenum products market remained quiet, less the actual demand, foreign businessmen take the goods difficult, so many hold stocks wait and see. Fewer new orders, molybdenum primary products tumbled. Businesses expected poor, late might still lower. Expected short-term participant or multiple sidelines.



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