Tungsten Market demand is low, short-term upward price weakness

Tungsten market: although tungsten policy has been positive, but demand continues to slump by constraints, tungsten market is still weak, in May the average price of the latest forecast ITIA difficult to stop the decline; tungsten ore flat, APT and the particles are to continue to decline, It is not conducive to boost market confidence. Today, China Minmetals tungsten concentrate guidance issued in May. Now 65% of wolframite offer for 86,000 yuan / tonne mark, 65% scheelite quoted at 85,000 yuan / standard ton, compared with April prices were flat guide. Expected short-term upward price weakness.

Molybdenum market: foreign molybdenum price decline slowed slightly, the domestic market is still under pressure. Pressing harder and harder steel tender price the cost line, resulting in molybdenum iron manufacturers will ship low. Mine started small, in mine production also difficult to achieve profitability goals. Short-term market is expected to continue steady watching.


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