Tungsten steps into hesitated market at the end of this month

  • Tuesday, June 27, 2017
  • Source:ferro-alloys.com

  • Keywords:Tungsten
[Fellow][ferro-alloys.com] This week, in line with Chinese tradition, tungsten steps into hesitated market at the end of this month

[ferro-alloys.com] This week, in line with Chinese tradition, tungsten steps into hesitated market at the end of this month; because there is an obvious difference in price in the mentality of the buyers and sellers, resulting in the supplier and demander continue to be in a gaming status, and the whole actual trading is still rare. Compared to prices of last week, prices of tungsten products are still in weak, suffered by drop of prices of a new round long-order of two large-type enterprises Zhangyuan Tungsten and Xiamen Tungsten, participators in the industry continues to see bearish, especially the downstream smelting enterprises; under the background of final consumption being in off-season, continued pressure on purchase of raw material tungsten concentrate strengthens. But due to slow increase of production of tungsten mine for now, quantity of spot goods of traders is not much, so they are reluctant to sell out and pace of reducing the price is slow. Under weak demand in the political and economic environment, it is expected that tungsten price will be pressure-bearing in the later market, and the price should have a drop space, but the process will be relatively slow. 

  • [Editor:Wang Linyan]

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