Agency quoted sharply lower, tungsten rich businessmen bearish sentiment
- Category: Tungsten’s News
- Published on Tuesday, 09 December 2014 14:20
Tungsten market: With the sharp decline in December institution guided and tungsten rich merchants bearish sentiment, market cash flow even more tense, tungsten ore spot market volume was light, although very price conscious smelter home strong, but the turnover constantly dropping, due to raw material prices continued to slump, tungsten steel scrap traders to avoid risks and prudent operation, resulting in difficult spot purchases, is expected to post tungsten offer will gradually reduced.
Molybdenum market: European molybdenum iron and molybdenum prices continue to fall, the domestic price of molybdenum concentrate and a further decline in business mentality increasingly pessimistic, under financial pressure, the phenomenon gradually increased the price to take the goods, is expected to short-term market continues weak run.
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