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Tungsten Ore Turnover Is Low
Tungsten ore market was deserted today. The downstream manufacturers waited for more sentiment. In addition, the production of smelters was not normal and the consumption of tungsten concentrate was stagnant. As a result, the transaction volume of tungsten ore was even more sluggish. At present, the price of 65-degree black tungsten is trading at RMB 112,000. Yuan/ton, it is not easy to sell, but nobody sells it. Despite the sluggish market conditions, the miners’ prices are still firm and their willingness to cut their prices is not strong. It is expected that the price of miners will continue to move forward in the short term.
Today, the price of the black tungsten ore of Billion Network is quotations of 119,123,000/ton, and the price of scheelite is 111.1 to 122,000/ton. The trading price is mostly at the low bid price.
A tungsten company in Yunnan said that it sold 100 tons of 60-degree black tungsten at a price of 1.55 yuan/kg.
A tungsten company in Hubei said that it sold 30 tons of 55-degree white tungsten, the price was 109,000/ton, and the current market price is almost equal to this price.
A tungsten company in Inner Mongolia said that it sold tungsten tungsten with 30 tons of 65 degrees and the cash price was RMB 112,500/ton.
Once this year, the price of tungsten ore reaches a basic daily limit of 11.1213 million tons per ton. This round of the market is no exception. For the mining enterprises, although the cost has increased, the price of tungsten ore has also increased, and this price can be profitable for mining enterprises. Will be shipped, and some traders have high ordering costs, high cost and low inventory, traders are mostly wait and see for the price. However, despite the fact that some miners want to sell, the downstream does not necessarily meet the market demand. The overall market demand is relatively light. In a short time, the ore price rises and power is not available, and no one has a low price.