Tungsten ore prices continued to dip, demand weakness unchanged

Domestic tungsten market conditions continue to decline, further price dip, demand weakness unchanged. Looking at the market, the downward trend of consolidation has not changed. Prior tungsten ore prices dip, mine face cost pressures, some choose shutdowns, one is to reduce inventory, slow the pace of production; secondly, low current market price, mining sales will is not strong, hope rose serious psychological. The production scale of the ATP manufacturers have a more significant decline, in spite of all production of the manufacturers are not many, but production has been the choice of most of the smelters.

In order to follow the market, Minmetals and Ganzhou ITIA have reduced the monthly price, and the market close. Still, the dilemma is still difficult to break through the downstream carbide business orders are still huge compared with same period last year. Weak consolidation market situation has not changed.


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