What Is The Market For Tungsten And Molybdenum Today?

2024-01-05 18:05:21

What Is The Market For Tungsten And Molybdenum Today?

May 20, 2019

Tungsten market

At the beginning of the week, the domestic tungsten price continued the weak market consolidation of the supply and demand game and the market confidence, and waited for the upcoming price of the listed tungsten enterprises. The price of tungsten concentrates is under pressure and needs to be built around low-end resources. At present, the environmental supply inspection and other factors supported by the raw material supply side are cautiously throwing goods, which has certain support for the fatigue of the tungsten market.

Molybdenum system

At the beginning of the week, domestic molybdenum prices were mainly stable, and the external trade environment was uneasy. The overall purchase and sales of the market remained stagnant, and the confidence of the international molybdenum market was loose. However, the domestic molybdenum market is under the support of tight spot resources and stable price of molybdenum concentrate in the primary market. The smelter manufacturers are reluctant to sell at low prices, and the environmental protection factors are still in good shape. The market transactions just need to be carried out smoothly.