There Are More Wait-and-See Attitude in Tungsten Market with Depressed Demand

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Category: Tungsten's News
Published on Thursday, 18 September 2014 11:08
Tungsten price continues to be weak, the majority of market participants held the attitude of wait-and-see. The spot trading of tungsten concentrate maintains weak, and the dealing price goes on falling. Moreover, the main quotations are gradually closer to the range of low price. Most smelting factory such as APT factory are cautious to purchase just for tungsten price continues to fall, and the grocers still have certain expectations to the later market so that they are not willing to sell out at a loss, therefore the whole dealing in spot market is thin.
 
 
It is known that the dealing volume was scarce last week. the sold price of 60-grade wolframite concentrate mainly focused on 101000 yuan/ton, and 60-grade scheelite concentrate was around  99000 yuan/ton in cash. However, businessmen have less expectation to the later market, and it is expected that the dealing price may drop slightly in short term.
 
 
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