Tungsten ore prices continued lower, tungsten city or into the winter

This week tungsten market demand continues to slump, the price of tungsten difficult to stop the decline, market participants and more pessimistic look forward, with the 2014 winter approaching footsteps, tungsten City or will enter winter, tungsten businesses generally funds are tight, difficult to operate.

Tungsten ore traders in the hands stock cost is too high, more than in the state upside down, and the hands of the funds being caught more than a high inventory, coupled with continued sluggish demand and revitalize difficult. Tungsten mines remain in operation and more, although a little attention to controlling production, but tungsten ore supply continued to increase, with the continued sluggish market, mining has become increasingly shrinking profit margins. Downstream tungsten smelter started home situation APT, tungsten, iron, continued to decrease, the reduced demand for tungsten ore and tungsten smelter home unmarketable product also faced difficulties, capital returns a long period, more stringent procurement of raw materials.

Expected in recent days tungsten ore businesses or wait wait guided introduction in early November, less market procurement activities, tungsten concentrate inquiry continue to be suppressed, 60 grade scheelite concentrate or below 90,000 mark.


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