Tungsten Market slumps and may influence the tungsten ore price

Because of the low end demands, the whole tungsten market keeps slump. Tungsten ore price keeps droping without any support. Tunsten product price has been fully close to the costs and it makes the suppliers frustrated.
 
Now it’s hard to control the dropping of tungsten ore price. A lot of tungsten smelters shut down and most of them are willing to reduce the stocks. And most tungsten dealers think the price will keep droping in the future so the demand is lower.
 
As known the tungsten ore price is not very good in June. Mainstrain dealing price of 50-55 degrees tungsten ore is about USD11450-11613/mt. As the summer break is coming, tungsten demand from domestic and abroad buyers will be weaker. Currently we can not see the hope of rebounce of tungsten market. Maybe later the dealing price of 50 dgrees tungsten ore will drop to USD11300/mt.