The indicative price of China Minmetals Corporation for tungsten concentrate in October and the forecast price of Ganzhou Tungsten Industry Association keep a flat running with that in September.
According to the China Minmetals Corporation, its guiding prices for black tungsten concentrate and white tungsten concentrate in October stand at 67,000 yuan/tonne and 66,000 yuan/tonne respectively, the same to that in September.
Meanwhile, Ganzhou Tungsten Industry Association also keeps its guiding prices on black tungsten concentrate and APT in October flat at 67,000 yuan/tonne and 102,000 yuan/tonne respectively.
Analysts with www.smm.cn noted that the flat running of indicative prices showed the intention to prevent continuous decline of tungsten prices. However, despite this, tungsten prices were still hard to rebound in October, as the heavy decline in September and sustained depressed market had dealt a blow to market sentiment.
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