Tungsten Market prices stabilized, difficult to pull back in the short term ore price uplink

Tungsten market: Luomu ≤30 billion yuan to set up self-financing tungsten business Shouchu a special fund intended to tungsten concentrate mainly on tungsten raw product prices in the vicinity of existing commercial reserve, is expected to total purchasing and storage no more than 46,000 tons (equivalent to standard tungsten concentrate). Luomu this initiative or to some extent on the tungsten concentrate prices stabilized, difficult to pull back in the short term ore price upward.

Molybdenum market: the whole molybdenum market kept falling, the actual pressure mine huge molybdenum mine is currently facing serious overcapacity of production, far less than the actual demand and oversupply has not changed. Facing distress situation, mining companies can continue to lower prices to survive, the latter mine cut-off phenomenon will be further expanded. Bidding steel prices hit record lows, ferromolybdenum market lacks support. Molybdenum oxide, molybdenum products are also difficult. Short-term difficult to see the dawn of the molybdenum market.


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