With the weak market demands and market support, China’s tungsten ore prices were in fluctuation and declined. Tungsten ore price was mainly RMB119,000-120,000/mt(USD19,508.1-19,672.1/mt) nevertheless, tungsten content 60% price was RMB120,000-121,000/mt(USD19,672.1-19,836.0/mt), tungsten content 50% price was RMB116,000-117,000/mt(USD19,016.3-19,180.3/mt). Growth in transaction volume became more difficult to achieve due to the weak demands from end market, tungsten ore suppliers indicated. Manufacturing processes stayed calm while transaction situation was rattled. Market participants kept wait-and-see attitude.
Owing to the economic recession, the tungsten market was in the doldrums. While the iron and steel industries served as the basis for the development of other industries.
Lower transaction volume and reduced operation rates were more likely to hit China’s FeW market this year. FeW 70# price stabilized at RMB 195,000-196,000/mt (USD 31,967.2-32,131.1/mt) this week nevertheless. Market participants indicated the transaction volume might rebound at the end of 2013.
Domestic APT market remained relatively stable with weak market demands as well. Market price declined to RMB182,000-183,000/mt(USD29,836.0-30,000/mt) this week. Some APT end enterprises decreased purchasing rate, to some extent, cut down the cost.
APT market participants felt daunted about the market prospect