Since August the tungsten concentrate agency guidance price decline, tungsten, business mentality remains in the doldrums, waste tungsten market atmosphere has been deserted, low-cost resources to further increase. Because the mind differences, businessmen price slightly high price confusion, poor widened. Expected short-term waste tungsten market or remain vulnerable to run.

The weakening of waste tungsten prices stable. At present, the waste tungsten bit is not including tax price concentrated in the mainstream 188-189 yuan /kg, domestic waste tungsten blade 168-170 yuan /kg, imports of scrap tungsten blade 178-180 yuan /kg, scrap wire drawing die 1780-180 yuan /kg. Waste tungsten grinding material 30-40 traders purchase price concentrated in the 1.45-1.5 yuan / degrees, 50-70 degrees concentrated in the 1.55-1.7 yuan / degrees, 70 degrees or more concentrated in the 1.7-1.75 yuan / degree.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
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Tungsten market: Tungsten Association guidance prices lower, the business mentality downturn, although very few transactions, tungsten overall price stability, but the purchaser demand greater intensity, clinch a deal the price lower actual, powder market high price cut, price closer to the low. Sodium tungstate market demand remains in the doldrums, with tungsten Association guidance price declines, Minmetals has not buy in large quantities, this week the sodium tungstate inquiry lowered again, although the smelting manufacturers cut and dimension stability quote, but the actual transactions is still slightly lower. The latter is expected price or have tungsten products slightly down.

Plymouth Minerals has reported bullish assay data from multiple prospect areas within its brownfield Morille Tungsten Project in Spain. Early work programmes are indicating potential for annualised output of 100,000 MTU’s of ATP valued at US$38.8 million.

A first pass drilling programme seeking very shallow tungsten values across 6 of 16 historic mines contained within the Morille Project area may exceed earlier conceptual resource targets of 4 – 11 million tonnes grading 0.25% - 0.5% WO3. Historic tin production (poorly recorded) on site as well, but main economic value is tungsten.

The Morille Project area was historically mined by small groups of undercapitalised miners who typically operated within small tenements of typically less than 10 hectares and at very shallow depths. Production data show that that Morille produced high grade tungsten concentrate that was well received by global markets.

First pass drilling is indicating that historic mining boundaries were constrained by small tenement holdings as well as limited access to capital and that mineralisation extends well beyond mined areas.

Peer group tungsten miners and developers that are proximate to Morille are reporting cash operating costs that are as low as US$120 –US$130 per Metric Tonne Unit “MTU” of Tungsten Paratungstate (APT) or WO3, which currently sells for US$388 per MTU. This has resulted in current operating margins that are as high as 70% and feasibility studies for new projects with Internal Rates of Return as high as 52%.

High margins that are targeted are being driven by the strategic nature of tungsten and growing demand that is currently controlled by China with 85% of the market.

High margins at Morille will also be driven by the shallow nature of the resources and the simple and low cost gravity methods that are needed to produce high quality tungsten concentrate.


Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten products prices dropped significantly. At present, tungsten powder and tungsten carbide market the actual transaction price of mainstream concentrated in between 253-255 yuan /kg, fell 2-3 yuan /kg. Because Ganzhou tungsten co guidance price cut, tungsten, business mentality also weakened, powder market high price cut, price closer to the low.

Steelmaking with the price dropped to 275 yuan /kg, high pure tungsten bar 295 yuan /kg, fell 3-5 yuan. Tungsten electrode polished rod price has remained around 405 yuan /kg. Powder manufactured goods prices fell, prices have to fall. Expected short-term tungsten products prices or will continue weakening trend.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn