Inquiry tungsten ore and lower double quotes, businesses operating loss motivation

With the guidance prices sharply lower in December agencies, businesses operating enthusiasm subsided, ore prices have challenged the edge cost line, holding business profit is very low, even in the face upside down, so hold stocks outside offer low motivation this week, and quotes relatively strong, eager to cash unless the ease the financial pressure, and a small amount of low turnover, tungsten ore spot market volume was light.

Tungsten ore inquiry and offer dual lower price without tax 60 wolframite concentrate on 1.05-1.1 yuan / kWh, and less than the low spot transaction turnover. Downstream of tungsten concentrate smelter home purchase less willingness Scheelite demand weakened for two main reasons: ① downstream tungsten smelter home start low; ② more bearish on the market outlook, caution; ③ With the New Year approaching, liquidity is more intense, the manufacturers do not want to spend money on materials prepared in advance; ④ tungsten downstream market itself sluggish demand.


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