Tungsten prices continue to decline, the smelter operational difficulties at home

Tungsten market: Although most of tungsten products export quota is about to be canceled, but the current domestic tungsten price support is very limited, APT products continued sluggish sales, cash transaction prices continue to decline tentative. Home smelter operational difficulties, little enthusiasm for production, but the money was plentiful manufacturers are actively procuring low raw material tungsten concentrate, tungsten continue this week quoted slightly lower range limit.

Molybdenum market: raw material of molybdenum concentrate market weak form does not change, even if mine reluctant to sell, but the overall environment Nandi drag. Under its influence, ferromolybdenum prices getting lower, participants said that the pace of decline in the short term would have difficulty stopping. Expected by the end temporarily difficult market improved.


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