Demand continues to slump, not on the selling price of tungsten products

Tungsten downstream demand continues to slump, tungsten-based products do not sell on price, tungsten ore raw material procurement side continued down the inquiry, to avoid upside down and get small profit, the buyers and sellers in the transaction price is more interested tug buyer, the spot price continues Yindie expected short-term ore price stability maintenance or vulnerable, but low or slightly dropping.

Macro, June manufacturing PMI final value is less than expected, interest rates drop quasi space continues; Guangzhou in the first half GDP growth of nearly 8%, the economy is generally stable; the World Bank expects China's economic growth this year of 7.1%.


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