Tungsten Business Shouchu special fund, the price of tungsten has little effect

Although Luomu announced the establishment of a special fund tungsten business of purchasing and storage, but it is understood Luomu recently still sold tungsten products, market participants suspect that the purchasing and storage may be more slowly store their produce tungsten ore, and not out 3 billion to put into the tungsten market, and therefore the current market downturn, the move Luo molybdenum or tungsten price less affected ore prices continued at low levels.

Macro, June CPI data released today, rose 10 consecutive months, or less than 2%; second quarter report showed consumer confidence optimistic stable, up 9.1 upgrade; Greek debt negotiations weekend and then meet the deadline.


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