Tungsten market to wait and see, feed late disadvantaged maintenance of stability

Tungsten market: the end of the financial pressure due to increase in tungsten concentrate shipments will increase cargo operators, and reduce the high offer, some traders and downstream buyers also took the opportunity to purchase some of tungsten ore, the mainstream market in the 8.3-8.4 yuan / ton, expected late disadvantaged stability maintenance. APT and other downstream tungsten smelter home the same financial constraints, operating enthusiasm weakened, more tentative inquiry for tungsten concentrate, resulting in Scheelite deal stalemate, the downstream production of tungsten is relatively slow, with product prices and lower raw material market downward. Recent tungsten market is expected to wait and see, some commodity prices or slightly lower tungsten, tungsten overall market steady consolidation.

Molybdenum market: Recently molybdenum iron spot trading is less than expected, a large steel mills delayed procurement time, reducing purchases of small steel mills, manufacturers sales confidence declined gradually lower bargaining. Molybdenum concentrate market will continue steady wait and see, the market is expected to rise in the short-term weakness.



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