Tungsten Market Is Unusually Quiet When Guide Price Is Going to Be Introduced

Tungsten market this week is in the state of wait-and-see  on the whole, in early September, downstream tungsten smelting have to prepare for later production, the raw material of tungsten concentrate inquiry, and now is a tentative inquiry, actual transaction remains deadlocked, spot market unusually quiet.

According to a survey, the supply of tungsten concentrate continues to exceed demand, tungsten business becomes slightly weaker in mentality, and were negotiating the price list in recent two days, but the trend has a slight dip, temporarily didn't specify a deal, both sides on the sidelines are waiting for pricing for specific operation again. It is understood that the current 60 degrees inquiry, clinch a deal valence has endangered white tungsten concentrate below 100000 yuan/ton mark, more than 60 degrees of black tungsten concentrate the buyer can accept the highest price of only 102000 yuan/ton.
 
 
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Tungsten ore market sentiment strong, the actual turnover remained deadlocked

This week the overall market sentiment tungsten ore rich, early September, the downstream tungsten smelters have to prepare for the post-production, the raw material of tungsten concentrate conduct inquiry, and is now mostly tentative inquiry, the actual turnover remained deadlocked, the spot market unusually quiet. Currently 60 degrees scheelite inquiry, already on the verge of the transaction price fell below the 10 yuan / ton mark for the position, more than 60 degrees wolframite highest price the buyer can accept only 102,000 yuan / ton.

Read more: Tungsten ore market sentiment strong, the actual turnover remained deadlocked

Chinese FeW Price Stabilized amid Sluggish Demand

Chinese tungsten concentrates was offered at RMB106,000-107,000/mt (USD17,377-17,540/mt, export duty excluded) , but the real transaction price was as low as RMB103,000-104,000/mt (USD16,885-17,049/mt, export duty excluded). Downstream buyers pressed bids, and traders were reported to obtain 60%W concentrates at RMB100,000/mt (USD16,393/mt, export duty excluded). Miners insisted their offers, as they had limited materials in hand.
 
Chinese FeW price kept flat, being offered at RMB178,000/mt (USD29,180/mt, export duty excluded) by acceptance. Downstream steel mills purchased small volumes, so part FeW producers somewhat cut output.
 
 
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

Tungsten scrap prices continue to hold steady, the market demand is acceptable

Tungsten steel scrap prices firm maintenance of stability, market demand is acceptable to support strong business mentality, there are increasingly high price trend. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 169-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 179-180 yuan / kg, stable.

Waste tungsten material prices temporarily stable sidelines, grinding material content of the purchase price of 30-40 degrees W concentrated in 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. September Scheelite guided forthcoming, most recently merchants offer stability maintenance. Coupled with early market funds less stressful, tungsten scrap merchant has no intention of price adjustment, no significant improvement in volume. Short-term market is expected to more than scrap tungsten will continue steady.


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 prices rose, the domestic market stability maintenance ferrotungsten

With the end of the international summer break, and overseas orders began ferrotungsten inquiry, although for a time the transaction is still not much, but overseas tungsten iron prices have stabilized stabilized, or even edged up signs, MB England Metal Bulletin latest offer yesterday evening tungsten iron Rotterdam: 40 (up 0.3) - 41 (up 0.3) dollars / kg tungsten.

Domestic market transactions this week ferrotungsten difficulty is still large, continue to maintain production of the manufacturers still maintain a small start to sell production quotas mode of production. But smelter home orders increased slightly, said recently, the overall demand is still weak, continued tight market funds, tungsten, iron hold stocks much volume of shipments and require cash transactions. It is understood that this week there are two t 70 ferrotungsten in cash 173,000 yuan / ton price deal, the transaction price is no change compared to last week. Or short-term market is expected to continue strong ferrotungsten maintenance of stability.


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

 

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