Tungsten ore more bullish sentiment, idle stockpile increase motivation

Years after the market price of tungsten ore relatively more bullish sentiment, hot money hoard goods increased enthusiasm for two days of tungsten ore spot market is a small amount of the transaction, mainly traders trading in small quantities, price range and more ago is a little high or high up. Recently ore prices rose slightly, wolframite not offer tax of more than 60 degrees of 1.12-1.14 yuan / kWh, representing a year or about 0.15 yuan / kWh. Among them, the downstream smelting enterprises inquiry more concentrated in the 1.13 yuan / kWh, almost in line with historical highs range; however want to hoard points Scheelite hot money, the inquiry was 1.14 yuan / kWh, the price rose slightly compared with years ago.

Analysts believe that the tungsten concentrate prices rose slightly main reasons: ① Scheelite cargo operators reluctant to sell sentiment concentrated; ② Festival downstream less new demand; ③ After the New Year, before the cut-off of mine is likely to delay the resumption of production; ④ some hot money, traders optimistic attempt to hoard a small amount of tungsten concentrate, the spot market is willing to buy more than willing to sell, prompting the price of tungsten was up.


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