The tungsten transaction is sliding again, and the expected relief is failed, which hurts the market feeling. Fewer upstream plants are operating at the moment.

　　The international tungsten market are running with obstacles, and the domestic export is not as well as usual. With fewer orders, the domestic market is having another record low. The international tungsten market can hardly conclude a deal with little spot goods around. The spot sales price is higher than the domestic price. The international ferrotungsten is having a stalemate and the market can only accept $22.7-$22.8/kg, but met with strong resistance.

　　The tungsten concentrate market is having a fluctuation, some mines are adjusting the price actively. Fewer plants which only produce APT are running at the moment, thus there is not much demand for spot tungsten concentrate. Smelting products have met challenges too, plants refuse to accept higher price. yesterday, a supplier from spot market says that 50% white & black mixture is at Yuan 54000/st.

　　The smeltering market has entered into an embarrassing situation, after adjustment made by mainstream high quality APT producers, ordinary APT are having another adjustment which will broaden the price gap. APT nowadays is not hanging upside down, but most participants are making early purchase. Mainstream APT assessment is at Yuan 90000/st accepted recently, some low quality APT from white tungsten raw material is approaching Yuan 85000/st, prompt released.

　　Though most mines are running below the production cost, there are still room for low cost minerals. There are more chances for them as the demand is not optimistic, the market is still in the haze.