Tungsten Market Report November 2015

Even though the first tender from China’s State Reserve Bureau in early November failed due to the low bidding price, sources generally thought that prices for Chinese tungsten products had hit the bottom and would rebound continuously in the future market.Asian Metal CopyrightEven though the first tender from China’s State Reserve Bureau in early November failed due to the low bidding price, sources generally thought that prices for Chinese tungsten products had hit the bottom and would rebound continuously in the future market.Asian Metal Copyright Suppliers for tungsten concentrate and APT raised their quotations to check the market condition and most of them were reluctant to sell the material at lower prices.Asian Metal Copyright It is expected that prices for tungsten raw materials will increase continuously next month as mainstream producers will restrict their outputs to reserve higher prices.Asian Metal Copyright The spot market merely witnessed limited transactions as end users continued to hold a cautious attitude towards purchases.Asian Metal Copyright Suppliers for tungsten concentrate and APT raised their quotations to check the market condition and most of them were reluctant to sell the material at lower prices.Asian Metal Copyright It is expected that prices for tungsten raw materials will increase continuously next month as mainstream producers will restrict their outputs to reserve higher prices.
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