Pan Asia again delay the payment, tungsten ore market sentiment enriched

Following the mid-December, Pan Asia last weekend again if unfulfilled commitments, January 10 before payment, pay only a small amount, the original is still around 10 million of the purchase price of APT smelter to get only about 500,000 homes, businesses complain interest payments are not enough, tungsten market is still tight, mostly temporary funding.

Affected by this, this is just around the corner of the city is slightly cooled tungsten, tungsten concentrate buyers of raw materials subject to funding constraints and operating cautious market sentiment increasingly rich, tungsten ore prices are expected to stabilize or temporarily dominated this week, turnover remained stalemate.

It was revealed that the completion of the Pan-Asian businessmen speak before the Spring Festival payment; analysts believe that the New Year's business is likely to get their money, when bank lending has basically been credited market funds eased.


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