Tungsten Concentrate Price Seems to Decrease at the End of Year

Tungsten concentrate price still moves up from high level today. Currently, 65% tungsten concentrate price could reach ￥121,000.00/mt. However, some tungsten concentrate suppliers are not confidence with later tungsten concentrate market while traders try to suppress the price. Tungsten concentrate price in spot market focus on ￥115,000.00/mt. Generally speaking, price range of tungsten concentrate is relatively big but transaction volume is still weak.

Chinatungsten Online points out, quotation of tungsten concentrate is in confusion. Tungsten concentrate suppliers cannot unify the price mutually. According to observation, although the price has been increased to ￥120,000.00/mt, demand from end users does not become better. Meanwhile, some traders with fund pressure cannot keep their high quotation under the situation of low transaction volume. Insiders expects that tungsten concentrate price has reached its highest spot this month and will drop slightly in later term.

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