Tungsten demand continues to slump, the price of tungsten difficult to stop the decline

Tungsten market: tungsten market demand continues to slump, difficult to stop the decline in the price of tungsten, tungsten City, many businesses wait wait guided introduction in early November, less market procurement activities, tungsten concentrate inquiry continue to be suppressed, 60 grade scheelite fine mine risk fell below 90,000 mark. Waste tungsten market sentiment pessimistic, holding cargo shipping business will increase, low-cost resources are also increasing, the overall market remained weak. Market procurement activities less tungsten concentrate inquiry continue to be suppressed, businesses or tungsten ore is expected in recent days on the sidelines.

Molybdenum market: Recently molybdenum commodity market is relatively stable, yet prices continue dropping. Taking into account the high business costs, low-cost goods to go fear facing more losses, some participants choose to hold stocks to watch, cheap low willingness to take the goods. In addition, the downstream buyers enthusiasm is not high, expected short-term molybdenum watching the market sentiment or worse.

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Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

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