Tungsten ore demand continues to slump, investors or difficult to stop the decline

Scheelite market demand continues to slump, tungsten prices steady weakening overall. This week at the beginning of tungsten concentrate spot market transactions are still light, tungsten concentrate cargo operators sell mentality concentrated, non-cash transaction is not, then the market liquidity is more intense, difficult to set aside large sums of money to purchase tungsten ore.

It is understood that 60-degree wolframite market has emerged 78,000 yuan / ton in the inquiry, but hold stocks very price conscious of turnover stalemate. At the same time, the downstream tungsten products unsalable, tungsten smelter funding constraints, procurement of raw materials and growing less down the inquiry, the actual transaction is still Yindie Scheelite, some small amount of fresh market transactions are low turnover, lack of business confidence market strong bearish sentiment. Ore prices are expected to decline this week or difficult to stop, ore prices below the cost of the line or risk transactions that fell to 76,000 yuan / ton.


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