Tungsten Market Report May 2016
2016-06-24 08:46:19 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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In early May, suppliers continued to lift their quotations tentatively and some speculators took part in the market, resulting in an irrational high pricing in the tungsten market. However, consumers were not interested in making large-tonnage purchases and only made hand to mouth purchases. Since mid-May, as demand was expected to weaken further, some traders started underselling their stocks, driving down the price in the market. It is expected that the price in the Chinese tungsten market will edge down further over the coming month.
