Tungsten Market Has Frustrated, But Shippers' Willingness to Sell Increases

There is strong wait-and-see mood in tungsten market, the overall price remains weak, as well as the spot dealing volume is less. Tungsten mines have been exploiting with increasing supply. Smelting factory such as ferro tungsten or APT factory has low production enthusiasm just for deepening environmental awareness and weak demand, besides, the demand of tungsten concentrate is more sluggish. In addition, due to the original inventory in the market, at present tungsten concentrate supply exceeds demand, which have become increasingly serious. The quotation of tungsten concentrate fall little today, and raw tungsten price fall by 0.01 yuan/degree, but tungsten concentrate price decline unobvious, and the high price reduced, the dealing of scheelite concentrate mostly concentrated in 100000 yuan/ton or less.

"The Golden September" is no longer busy season, market confidence has been frustrated, and the shipper will delivery, the purchasers are cautious to buy and push down inquiry just as tungsten price may fall again later. This week it is expected that tungstn market will remain weak, and the dealing price of 60-grade scheelite concentrate will fall to 100000 yuan/degree.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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