Transaction of Tungsten is Weak in Europe Market

According to MB(Metal Bulletin) an English paper, market quotes of tungsten in Rotterdam on 6^th this month was $39.50-39.00 per kilogram, dropped 10 cents. Many marketers reckoned there is still some room for the price to fall by the end of the first quarter.

“a business couples quote the current price at $39-39.5 per kilogram, but there has yet any news. I am not expecting to enter the market, I will wait and see.” A merchant said. The market is stalling at a down spiral, anther merchant suggested that the market won’t recover soon, “ My initial quotation is 40 dollars, some customers were willing to make the deal, but it turned out that the price was far below 40.”

“I heard that the price will stall at some point between 39-40, but I don’t think the downward trends will stop” One gentle man said, added the Rotterdam’s quotation is at its lowest point since December, 2010, marketing transactions is cool and profit margin is contracting, even quite a few businessmen are at lost.

A man expressed his frustration with tungsten market saying “ tungsten business hard to run and no positive signs can be seen though, suppliers seem to be not ready to ship their goods.  

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