European tungsten City still down, domestic scrap tungsten market stability maintenance

Overseas tungsten City is still a steady decline. On the 27th evening MB Rotterdam ferrotungsten offer 39.7-40.7 U.S. dollars / kg tungsten, steady; paratungstate European offer of $ 350-360 / t degrees, the overall decline $ 10; Hong Kong offer remains at $ 358-370 / t degrees. Although the European summer break has ended, but still have not seen the release of overseas downstream demand, market trading atmosphere is still deserted, often causing prices dropping, expected short-term overseas market will remain difficult tungsten city better.

Tungsten steel scrap prices firm holding stability. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 168.5-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 178-180 yuan / kg. Recent tungsten steel scrap trading volume has decreased, but the business mentality still strong, the price adjustment will is not strong, short-term and more will continue to stabilize. Grinding material purchase price 30-40 degrees W content focused on the 1.45-1.5 yuan / kWh, 50-70 degrees concentrated in the 1.55-1.65 yuan / kWh, more than 70 degrees concentrated in the 1.65-1.71 yuan / kWh. A time when the end, tungsten concentrate prices stabilized, scrap tungsten materials business mentality slightly by the support. Currently waiting to see the introduction of multi-month miners guided tungsten concentrate agency is expected no short-term market fluctuations.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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Export Statistic of Ferro Tungsten in July. 2014, China

Product:Ferrotungsten 72028010
 
Unit:mtUSD
 
Source:China Customs
 
Countries Volume in July Value in July Total Volume through July Total Value through July
Total 21.000 843,441 328.500 13,867,948
Japan 21.000 843,441 327.500 13,818,998
S Korea 0.000 0 1.000 48,950

 

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

 

Chinese Tungsten Concentrate Price Edged Down due to Negative Purchasing

Chinese tungsten concentrate was offered at RMB106,000-107,000/mt (USD17,377-17,540/mt, export duty excluded), as downstream demand was depressed. Some miners with high stock had to drop offer, while others were watchful.
 
A tungsten concentrate miner from Hunan offered RMB109,000/mt (USD17,868/mt, export duty excluded), and only sold materials to Minmetals. Minmetals decreased buying volumes, and real transaction price slipped slightly. It is expected that W concentrates future market would keep steady, and rely on indication floor price next month.
 
 
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

 

Overseas Ferro Tungsten Price Drooped to the Lowest Level

European ferro tungsten price stood at USD39.7-40.7/kgW, which has fallen to the lowest level in 17 months. What’s more, it marked the first time that FeW price fell below USD40/kgW since March, 2013. The price of last August was USD48-49/kgW.
 
Some sellers offered low numbers, liquidating stock. The offer from China was higher, which was determined by domestic price. But European price was rather low, close to cost line, which suggested resistance to further drop.
 
A ferro tungsten exporter from Jiangxi said that they have yet to receive orders from Japanese customers, and they consumed original inventory for the first time.
 
 
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

 

Inventory and capital double pressure, tungsten prices uplink power

Tungsten downstream market consumption weakness, mine normal start, in the dual pressure of inventory and capital, tungsten prices weak, because shippers sell, the current market of tungsten concentrate temporarily Dimensional stability operation, market wait-and-see sentiment strong.

It is understood, tungsten concentrate 60 degrees above the shippers demand concentrated in the 10.3-10.5 yuan / ton, buyers inquiry concentrated in the 10-10.2 yuan / ton, the actual transaction in tungsten concentrate 55-60 bid for 10.1-10.2 yuan / ton (invoice to pay the whole or the goods to pay more than eighty percent of the money). It is understood, Jiangxi, Hunan all has the smelting factories in 10-10.2 yuan / ton this price purchase dozens of tons, or hundreds of tons of tungsten concentrate.

Read more: Inventory and capital double pressure, tungsten prices uplink power

 

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