Tungsten ore supply and potential buyers operating enthusiasm double low

Tungsten prices have been declining, demand continues to slump, tungsten-based products difficult to take the goods, regardless of supplier or procurement operations enthusiasm are low, tungsten smelter home willingness of foreign quote low, mostly with single main talks. Tungsten is expected this week or relatively weak market stabilization, quote or stabilize the main raw material of tungsten concentrate, powder products on the market APT, tungsten carbide and other high quote or reduce that range high or lower.

It is understood that 60-degree wolframite concentrate on the mainstream market price of 7.6-7.8 yuan / ton, 60 degrees scheelite have 75,000 yuan / ton lower quote. Because the market price of financial constraints and the mine is almost no profit, so tungsten ore cargo operators reluctant to sell sentiment concentrated, only a small amount of cash must be sold; downstream tungsten smelter at home but also because of sluggish sales and procurement of raw materials are not enthusiastic, bargain buy the right amount in, price range and more approaching low. November 2014 tungsten concentrate production was 13,959.85 tons (equivalent to 65% tungsten trioxide), down 6% qoq; January-November cumulative production 25,945.69 tons.


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