Mar 12,2013, Tungsten Ore Market: Stable and Slightly Tired

Domestic tungsten ore market conditions, the market was stable and slightly tired. Currently, the market price of the mainstream is still around 116,000-119,000 yuan / ton, the overall is relatively stable. Because of the end demand downturn influence all the time, part of the middle and lower reaches of corporate save a wait-and-see mentality in short-term

Hunan businessmen said, "high offer still virtual, purchasing enthusiasm of the upstream and downstream enterprises have an impact, that there is no market price situation agai." Recent tungsten ore market has stabilized, high-priced resources are down slightly, the price of tungsten ore further narrow the range or slightly on the exploration of the transaction price signs. Macroeconomic news: March liquidity rebounded significantly, the credit trend into monetary policy vane; the RMB devaluation of the dollar central parity yesterday by 50 basis points; Greek GDP contracted by 5.7% in the fourth quarter of 2012.

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