Tungsten product purchasing and storage of raw materials, mainly iron ore prices temporarily low consolidation

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 purchasing and storage, purchasing and storage is expected to total no more than 46,000 ton (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. Expected short-term or temporarily lower ore price correction based.

Macro, implicated by the Greek debt crisis, global commodity and financial market crash; the central bank recapture liquidity, lower interest rates across the board; Commerce Department: the new FTA absorb foreign capital accumulation effect is obvious.


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