Overseas demand continues to slump tungsten, tungsten concentrate export prices

Because overseas tungsten concentrate market demand continues to slump, the CIS export prices decline further tungsten concentrate. However, spot market transactions are still scarce. A wolframite 40% of monthly production of about 195 tons producers said this week in the CIS region wolframite 40% price drop to $ 160 / metric ton, last month fell by $ 10 / metric ton. But overseas buyers are still not positive, wait for a lower offer. "We received a number of overseas buyers inquiry, but the other intention purchase price of $ 120 / metric ton or so, therefore, there is no deal," the source said.

Ukraine a 55% tungsten concentrate trader confirmed that the CIS region is now 55% tungsten concentrate market prices in the $ 180-185 / metric ton, last month fell by $ 5 / metric ton. But few buyers to cover short positions.

According to the manufacturer revealed that, due to the current international tungsten concentrate prices continued to decline, the market outlook, the majority of buyers on the sidelines. And in view of the victory of the holiday Wujiu Russia (5.9-5.11) approaching, they also offer suspended, waiting to see the market outlook.

The trader also said they do not have any tungsten concentrate 55% of stock, after receiving orders to start shopping. Now that 55% of tungsten concentrate prices declined, they do not rush to cover short positions, waiting for the producers lower offer.


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