Festival tungsten ore market with little turnover, there are downside risks on October guided

Because eleven holiday impact Minmetals and guided ITIA are delayed announcement led to wait and see mood strong tungsten City, merchants offer and procurement are not active. Expected or will be gradually introduced next two days, and the pricing of risk still dropping in October. It is understood that, today, the latest hair ore prices slightly lower compared to before the holiday, 60-grade scheelite prices have fallen near 1.3 yuan / kWh.

Today is the first day after a small holiday, tungsten market as a whole with little turnover, the market demand continues to slump, APT, tungsten powder manufacturers lack of confidence, not very actively offer this week, the price of tungsten or weak stability maintenance.


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