Implementation of the policy will take time, tungsten market steady weakening

Tungsten market: resource tax reform act of increasing the cost of production of tungsten concentrate, but the implementation of the policy will take time, two days tungsten businesses wait and see mood strong, more waiting guidance issued smelter home ship upside down enthusiasm is not high, coupled with Prior to the production of tungsten concentrate stock, and the market volume was light. Tungsten concentrate not reflect the current market, the price is still steady weakening mainly tungsten concentrate.

 
Molybdenum market: tax increase in resources and exports is expected to improve, driven Molybdenum raw material market decline slowed, while ferromolybdenum market is not subject to its support, the increasing price dip, the market is difficult to firm. Short-term market weakness is expected to wait and see.


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