Tungsten market continued malaise, guidance influence weakened

The current lack of demand, the tungsten market continued malaise, guidance on tungsten prices influence weakened, early June tungsten smelter home to win orders in advance before the guidance issued to have lower offer, tungsten concentrate guidance experienced two months of continuous sharp decline after steady again, Ganzhou Tungsten Industry Association and China Minmetals were recently published forecast in June the average price of tungsten concentrates, which forecast the average price of wolframite reported 81,000 yuan / standard ton, down from last month 5000 yuan, a decline of 5.8%, the weak spot market transactions.

65 degrees wolframite current mainstream price 79,000 yuan / ton, more than 80,000 quotations decreased, and shipments will hold stocks lower, downstream tungsten smelter family also purchasing enough positive cash turnover continued stalemate. Downstream tungsten iron, tungsten chemicals, tungsten products prices were also subdued, information display, tungsten, iron sluggish market demand, the price of tungsten concentrate as raw material prices fall and decline, since most smelters stopped production and makes some manufacturers offer strong at 14 yuan / ton or more. APT sluggish sales, spot market transactions are frequent and cheap, analysts expected this month or tungsten concentrate prices may still fall, the mainstream or 7.8 yuan / ton, lower than the guide price 3000 yuan / ton.


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