Low cost resources to reduce the price of tungsten products soared

       In the middle of this month, the tungsten market in China began to reverse the downturn of the stalemate under the weary demand. With the gradual reduction of low-cost resources in the market, the enthusiasm of downstream purchase inquiry increased, but the supplier's wait-and-see attitude was strengthened and raw materials and mining started to occupy a larger market Dominant, tungsten products prices soared.



    Tungsten concentrate market, tight supply support Tungsten prices very firm state of mind, but the high price is difficult to clinch a deal, currently less than 105,000 yuan / ton 65 degrees wolframite nearly zero turnover, offer price and downstream Manufacturers inquiry there is a difference, tungsten concentrate market price-free market highlights.



    APT market, the bullish market outlook for mining companies, the current basic raw material is difficult to purchase low cost, cost support, over the recent purchase of downstream buyers relative increase, most of APT manufacturers to follow the up quotation, partly due to weak orders and production, the suspension of quotations .



    Tungsten powder market, although the downstream demand for alloys and products continued to be relatively weak, but the end of the price of raw materials to reluctantly sell mentality to enhance the back-end manufacturers to buy more positions more difficult to establish confidence in the market gradually established, the short term tungsten powder prices to maintain a steady upward trend.



    Taken together, the upstream market pulled up, driving the downstream inquiry transactions getting better, but the downstream capital and demand needs further confirmation, the short-term tungsten price is expected to continue rising slowly.