The current market for tungsten is still weak and has not shown any improvement. Although the prices of various products have returned to the lows of more than two years, the weakness of the market is further aggravated by sluggish trade due to sluggish demand. Internationally, the tungsten market is difficult to maintain stability, prices finally loose back. In China, the tungsten market as a whole is still in a downward channel. At present, the lack of downstream tungsten products trading directly leads to increased pressure on tungsten concentrate. It is understood that today 65% of the mainstream price of wolfram concentrate slightly fine-tuning to 92-93,000 yuan/ton, 65% of the mainstream price of scheelite concentrate fine-tuning to 91-92,000 yuan/ton, 50-55% of the mainstream price fine-tuning to 87-90 million yuan/ton. In general, the current tungsten market is still at the bottom of the deep consolidation, because it is the beginning of the month, the industry more choose to wait and see for large enterprises long single price, operation is more cautious.
International molybdenum market price continues to rise slightly, molybdenum oxide distribution price slightly increased to $12.05- $12.2 / lb molybdenum; Ferro molybdenum was raised to $28.3- $28.8 / kg. The domestic molybdenum concentrate market price remains firm, good trading, molybdenum market plays a supporting role. At present, the mainstream quotation of general grade molybdenum concentrate is 1810-1820 yuan/ton, and the mainstream quotation of high grade molybdenum concentrate is 1830-1890 yuan/ton. Ferromolybdate market is stable and weak. Although supported by the raw material price, the bidding price of steel mills declines. At present, the mainstream quotation of manufacturers is 121-124,000 yuan/ton.