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Print[Ferro-Alloys.com]As the Spring Festival was getting close, most tungsten enterprises stopped production. The major task was to finish previous orders, a tungsten ore supplier indicated, tungsten ore price kept calm while market demand seemed to rise this week. Market source indicated that domestic large-scale enterprises mean to repurchase tungsten ore. And market traders began to purchase tungsten ore already. It was said that domestic tungsten ore quotation was about to rise.
Tungsten ore market was influenced by market demands while the market transaction prices was still RMB115,000-119,000/mt(USD19,166.6-19,833.3/mt). Black tungsten ore 65% quotation was RMB120,000/mt(USD20,000/mt) and black tungsten ore 55% quotation was RMB116000/mt(USD19,333.3/mt). Market demands increased this weak.
The export market of APT was in calm and thin trading this week. Most APT exporters showed that enterprises had came into an off production period. The export quotation was still USD375-380/mtu.
- [Editor:editer2]
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