The mainstream scrap tungsten prices maintain steady. The transaction price excluding tax of bit concentrates on ￥187.00-￥191.00/kg, domestic blade is ￥172.00-￥176.00/kg, imported blade is ￥182-186/kg; scrap pure tungsten block is ￥208.00-￥213.00/kg.

The price of the content of scrap tungsten grinding material which is more than 70W is ￥1330.00/mtu, 50W-70W is ￥1270.00/mtu, 30W-40W is ￥1110.00/mtu. The prices above are steady. 10W-20W tungsten unit to ￥635.00/mtu while 8W-10W tungsten to ￥571.00/mtu.

High-level of tungsten concentrate prices have been pared back slightly, but ‘high-price with low-demand’ situation still exists. Under this circumstance, prices of other tungsten products are hard to increase. At the end of year, scrap tungsten resource is short as well as demand, so traders are inactive to deal. Chinatungsten Online predict that scrap tungsten prices will keep steady constantly.

In the international market, the lowest price of oversea tungsten market shows trend to move up. By the night of 12th, the guiding price of MB ferrotungsten in warehouse Rotterdam maintains $42.30-43.50 per kilogram tungsten, which has increased $0.25; the quotation of ammonium paratungstate keeps $304.00-330.00/mtu.

The general situation of tungsten concentrate prices can be concluded as chaos in China Mainland. High-priced tungsten concentrate suppliers try to reduce their price tentatively. However, the phenomenon of high-price but low-demand is hard to be better shortly.

As to ferrotungsten, transaction volume is short of support. Some traders’ lowest price of 80% ferrotungsten even could reach ￥185,000.00/mt. In scrap tungsten steel market, both demand and supply are weak. Therefore, more traders choose to wait-and-see. Chinatungsten Online forecasts that the mainstream of scrap tungsten steel price continues to keep steady.

Currently, tungsten concentrate prices show their downward trend that some providers cannot bear high pressure then increase their own tungsten concentrate prices. At present, the fluctuation of one 65W tungsten concentrate metric ton unite focus on ￥1.53-1.58 while the delivery price of it centralize on ￥1.54-1.56.

According to analysis of Chinatungsten Online, the situation of high-price and low-demand in tungsten concentrate market continues. Basically, tungsten concentrate prices have reached to their highest spot before New Year. The end user’s demand is hard to improve so there is low possibility for tungsten concentrate suppliers to raise their prices. Due to worry about market goes to lower level, tungsten concentrate suppliers are willing to jettison their goods. Chinatungsten Online expects that tungsten concentrate price enquiry is going to increase gradually, nevertheless, transaction volume is still sluggish although the prices decline.

The tungsten concentrate offers increased slightly further these days, but owing to the weak demand, the trading volume did not see obvious improvements. The customers are cautious in purchasing materials now.

Currently, the tungsten prices for wolframite 65% are around RMB118,000-120,000/t (USD288-293/mtu), and the prices for scheelite 65% are around RMB118,000-119,000/t (USD288-291/mtu). Moreover, the tungsten concentrate market sees some higher offers.

A producers based in Guangxi, whose output is around 30 tons per month, noted that they make offers for wolframite 65%min at RMB118,000-120,000/t (USD288-293/mtu) this week, but only few deals are concluded in the spot market.

The source noted that the tungsten concentrate price keeps stable because of soft supply. With approaching of the end of the year, many downstream factories plan to halt production and the demand for tungsten concentrate will keep decreasing. It is expected that the tungsten concentrate market will keep inactive in a short time.

An end-user based in Jiangxi stated that they receive offers for wolframite 60%min at around RMB118,000-120,000/t (USD288-294/mtu). He added that some offers are even higher in the spot market, but only a few deals are concluded in small quantities. As they still have some stocks in hand, they are unwilling to add tungsten concentrate in a short time.

The source said that they mainly produce the tungsten powder, and their offers for medium-sized tungsten carbide powder are at RMB280/kg (USD44.5/kg) now. However, under the current high tungsten concentrate offers, they have to increase offers, but the customers are inactive in purchasing materials. The source expressed that the basic demand is so weak, and he has no confidence towards future market.