Traders negative operation, or a slight decline in the price of tungsten

Tungsten market: China Minmetals tungsten concentrate price guide issued in April. Now 65% of wolframite offer 86,000 yuan / ton mark, 65% scheelite offer for 85,000 yuan / ton mark, prices were flat compared with March guidance, business confidence frustrated that April has no hope. Downstream manufacturers of alloy steel scrap tungsten purchase less, traders passive operation, waste a little bit of tungsten market, but buyers try to suppress the price, in order to reduce risk, tungsten scrap merchants are generally not optimistic. The actual transaction is expected tungsten ore, tungsten or relative prices fell slightly last week.

Molybdenum market: During the Qingming Festival, International Molybdenum City continued to shock, the domestic market has continued to slump hard to change the status to date and there is no sign of a breakthrough. Festival demand slow release, expected short-term market to maintain a weak stable trend.


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