tungsten ore market sentiment strong, pre-holiday rally fatigue
- Category: Tungsten’s News
- Published on Monday, 02 February 2015 14:03
With the New Year approaching, tungsten ore market buyers return to reason, market sentiment strong spot market volume was light, today ore prices stabilize. Expected before the Spring Festival, with the family after another smelter shutdowns, lower spot market activity, tungsten prices continue to rise, fatigue, ore prices before the holiday or the steady consolidation based.
By the end of December after Christmas tungsten usher in a new wave of city market rally, wolframite rose from 77000 83000; the rise mainly due to: 1, ore prices bottomed technical rebound; 2, idle hunters actively enter tungsten City; 3, the downstream end of the smelter home stocking; 4, hold stocks mostly high inventory, reluctant sellers do not ship, resulting in spot market supply temporary shortages.
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