Tungsten Market Report January 2014
2014-02-27 15:41:58 【Print】
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Demand from the terminal markets kept weak, and the Chinese tungsten market continued to be inactive in January
. Owing to the financial and inventory pressures at the end of year, some tungsten product suppliers decreased offers gradually to obtain orders . The market saw some lower offers, however, the downstream customers were cautious in making deals, and mainly watched the market for a while . The trading volume was small in the spot market . Into January, most of the Chinese tungsten market participants left market for Spring Festival holiday . Furthermore, the operating rate for tungsten products factories decreased continuously, and the suppliers had little intention in selling stocks and expected the market to recover . The Chinese tungsten market showed down trend in January.