Significantly reduce the demand for tungsten ore, downstream manufacturers to stop production increased

This week tungsten concentrate prices are constantly refreshed daily low, demand for light, are less probability of market transactions and the number of expected risk of late still slipped.

It is understood that 55-60 grade scheelite concentrate on the mainstream market price 9.2-9.3 yuan / ton, and this price is still strong willingness buyers continued to weigh on prices. Ore prices continue to decline main causes is more prominent contradiction between supply and demand, oversupply, and this gap continues to pull Dazhong:

On the one hand, tungsten concentrate supply continued to increase; For now the market price, the mine is still some profit, so most of the mines remained exploitation; Meanwhile, the market had had a lot of historical inventory and shipments will increase traders, APT wait for the next downstream smelters family have received many miners offer every day.

On the other hand, the downstream market started shrinking, reducing the consumption of tungsten concentrate. Terminal Carbide no longer marketable, small manufacturers and more discontinued, medium-sized manufacturers have cut production run, and many planned maintenance shutdown recent advance; midstream tungsten products smelter family also reduce the operating rate, for example, less than half of the factory operating rate APT, tungsten, iron manufacturers manufacturers started only single digits.


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