Chinese tungsten concentrate prices ease slightly
2013-12-03 09:08:11 [Print]
BEIJING (Asian Metal) 3 Dec 13 - Chinese tungsten concentrate market still shows no improvements now and most of the market participants hold wait-and-see attitudes towards the future market. With the approaching end of the year, most of the downstream consumers are inactive in making deals and mainly consume the rest stocks. The trading volume is small in the spot market.
A tungsten concentrate trader based in South China expressed that the tungsten concentrate market is quiet this week and the prices still show downtrend. The source revealed that the prices for tungsten concentrate move down slightly this week, and the prices for wolframite 55% are at RMB117,000-119,000/t (USD295-300/mtu) in the spot market, and some offers are lower by cash in the spot market.
“Currently, the offers for tungsten concentrate are chaotic in the spot market. Owing to the soft demand, most of the customers are inactive in making deals with watching attitudes,” said the source. Looking ahead, he thinks that many market participants are inactive in making deals, and it is likely for the tungsten concentrate market to be quiet in a short time.
A source from a tungsten concentrate factory based in South China noted that they make offers for wolframite 55% at RMB118,000/t (USD297/mtu) now, but a few deals are concluded. He added that some tungsten concentrate suppliers make offers for wolframite 55% at around RMB116,000-117,000/t (USD294-296/mtu) or lower in the end of year.
Currently, tungsten concentrate market is inactive, and owing to the soft demand, the trading volume is small in the spot market. However, many market participants are inactive in making deals, and it is expected that the prices will not recover in the following days.
A tungsten concentrate trader based in South China expressed that the tungsten concentrate market is quiet this week and the prices still show downtrend. The source revealed that the prices for tungsten concentrate move down slightly this week, and the prices for wolframite 55% are at RMB117,000-119,000/t (USD295-300/mtu) in the spot market, and some offers are lower by cash in the spot market.
“Currently, the offers for tungsten concentrate are chaotic in the spot market. Owing to the soft demand, most of the customers are inactive in making deals with watching attitudes,” said the source. Looking ahead, he thinks that many market participants are inactive in making deals, and it is likely for the tungsten concentrate market to be quiet in a short time.
A source from a tungsten concentrate factory based in South China noted that they make offers for wolframite 55% at RMB118,000/t (USD297/mtu) now, but a few deals are concluded. He added that some tungsten concentrate suppliers make offers for wolframite 55% at around RMB116,000-117,000/t (USD294-296/mtu) or lower in the end of year.
Currently, tungsten concentrate market is inactive, and owing to the soft demand, the trading volume is small in the spot market. However, many market participants are inactive in making deals, and it is expected that the prices will not recover in the following days.
Tungsten Ore WO3 50%min FOB Africa
Unit:USD/mtu
China tungsten concentrate producers' suspension number statistics by province by month
Unit: pcs
