Ferrotungsten market weakness, factory shipments and profits double low

With raw material prices continue to decline, the downstream market prices are starting to decline, increasing discontinued manufacturers continued to produce tungsten iron manufacturers less, reducing external offer only a small part of the manufacturers take the goods. Due to the high cost of production of tungsten iron to now the price of shipping profits is very small, and more recently has been temporarily discontinued manufacturers plan to resume production, some manufacturers even ahead of schedule shutdowns.

Currently 70 major foreign manufacturers offer ferrotungsten concentrated in 16.9-17.2 yuan / ton, 80 tungsten iron manufacturers offer mainstream focus 17.4-17.7 yuan / ton. It being understood that 70 ferrotungsten cash turnover has fallen below the 170,000 mark, the market is expected to post a tungsten iron or continue steady weakening.


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