Tungsten Market Report December 2014
2015-01-12 17:49:24 【Print】
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In December, Chinese tungsten market showed no signs of rebounding
. Major state-owned tungsten ores ceased production and refused to sell their materials at prices lower than production cost . Some traders were under great capital pressure and sold out their goods to maintain cash flow . Most consumers only made hand-to-mouth purchases and delayed rebuilding stocks . Rare transactions were concluded in the spot market . Overseas end users left the market for the holiday and sent few inquiries in the export market.