Tungsten Market Report November 2014
2014-12-22 09:07:35 【Print】
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In November, Chinese tungsten market prices decreased fast
. As the end of this year was coming, most suppliers were under great capital and stocks pressure, so they lowered their offers to promote sales and keep cash flow . At the same time, consumers were cautious about making purchase and only relied upon hand-to-mouth purchase . As the global economy was sluggish and demand from end users was dim, most plants had received rare orders . Lacking support from downstream demand, it is predicted that the market will not pick up in December.