Tungsten guidance announcement, the business confidence in the setback again

Tungsten market: With the publication of guidance, powder prices fell again frustrated tungsten business confidence, enthusiasm weaker operating tungsten concentrate smelter stopped production increase, scrap tungsten steel traders wait and see, so ferrotungsten manufacturers offer a substantial reduction, profits shrink, scrap tungsten steel prices fell again, the spot market transactions better than last weekend, bar, CNC blade, milling and other markets is still some demand, it is expected to scrap tungsten steel prices sharply lower blocked, or remain relatively stable in the short term .

Molybdenum market: molybdenum concentrate dth drill bits trend does not change the downward trend always, difficult to alleviate the short-term supply and demand, the pace of Sandvik Drilling Tools domestic and foreign new mining enterprises were put into operation step by step, the industry always vigilant, to do more cautious, mainly to wait and see.


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