Ferrotungsten transaction difficulties, manufacturers cut production

Close of the year this week, poor payment methods, tungsten iron manufacturers funds more tense, even down to return the funds to continue to offer profit sharing, 70 tungsten iron prices mainstream furnace production is concentrated in 156,000 yuan / ton, outside the furnace production 70 ferrotungsten mainstream transaction hovering at 145,000 yuan / ton. Manufacturers take the goods difficult, some small plants this month have been slow orders, expected late ferrotungsten market still lower risk.

This year the steel industry overcapacity, steel production continued to shrink, the demand for ferro-tungsten charge also dwindling, tungsten iron smelter newly signed single difficult market started low, tungsten iron prices in 2014 also showed a steady decline in the state 70 base ferrotungsten 184,500 yuan from January 2 / ton fell to 156,000 yuan / ton December 17, the cumulative decline in 28,500 yuan / ton.


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