Tungsten Market Report December 2013
2014-01-16 09:06:19 【Print】
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The Chinese tungsten market continued to be sluggish in December
. China Minmetals did not go back into the market and held offering prices stable . Owing to the soft demand from the terminal markets, the tungsten concentrate market remained inactive . At the same time, due to financial and stock pressure, some suppliers decreased offers to obtain orders and the tungsten market slightly lower offers . Nearly all tungsten product prices decreased through December . However, the downstream consumers were cautious about adding stocks, and mainly held wait-and-see attitudes towards the future market . The Chinese tungsten market showed downtrend through December, and owing to the Christmas Holiday, the tungsten export market was also quiet . Furthermore, most of the overseas customers mainly kept on production with the long term orders, and were not eager to sign new orders under the current weak demand.