Tungsten Market demand is low, prices continued to weaken

Tungsten market: With the brewing pan-Asian event, APT take the goods market more difficult, smelters home profits are compressed, also led to the purchase of tungsten concentrate market scarce, the purchaser continues to suppress Scheelite and APT inquiry, expected Next week both still downside risk. Ferrotungsten overseas demand continues to slump, prices continued to weaken, near the end of the year, do not hold stocks of businesses optimistic and want to dispose of the goods as soon as possible, to promote overseas ferro-tungsten prices fell.

Molybdenum market: due to lower molybdenum steel products planning to postpone the tender, making it difficult to improve the supply and demand situation venue. Although businesses intentionally quite up, but hard to be substantial demand for support. More participants to maintain the sidelines, after waiting for the market to further changes. Expected more likely short-term molybdenum market held steady weak.


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