Tungsten Concentrate Market Unchanged, Few Deals Can Be Seen as Usual
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- Category: Tungsten's News
- Published on Monday, 24 December 2012 17:53
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At the beginning of this week, the tungsten concentrate market is stable temporarily. Mainstream price of 65% Tungsten concentrate based on Ganzhou, Huan focus on ¥115,000.00-116,000.00/t, and the real transaction price may be higher to ¥118,000.00/t. As to lower price level, some traders are eager to throw goods that prices of ¥110,000.00-112,000.00/t exist as well while the condition is to deal by cash.
According to the analysis of Chinatungsten Online, with the coming of New Year, the contradiction between supply and demand in tungsten concentrate market exists. Some tungsten suppliers have to reduce their quotation since fund pressure, large amount of stock pressure and lower market demand pressure. However, the lowest price will not drop below ¥110,000.00.
A tungsten supplier in Dayu notes, ‘The sources of goods are various which is not benefit for solid of price. With the consideration of market risk, tungsten traders dare not to stock up goods.’
Generally, the supply and demand of tungsten concentrate market are not balance this year, in addition to drastically price rising recently, which both lead to high market stock. At the last week of 2012, the demand of end users cannot improve, thereby some tungsten suppliers have to ship in low price which restrict the whole quotation of market. Chinatungsten Online expects tungsten concentrate prices would reduce recently.
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Mott Corporation Rolls out Porous Tungsten Components
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- Category: Tungsten's News
- Published on Friday, 21 December 2012 18:01
- Hits: 2828
Mott’s porous tungsten is stable at high temperatures with the highest melting point of all metals, the lowest coefficient of thermal expansion, and corrosion resistance under extreme conditions, the company claims.
Mott engineers porous metal components, sub-assemblies and finished products for applications in a wide variety of industries, including biotechnology, medical, chemical, petrochemical, instrumentation, food and beverage, semiconductor, and alternative energy.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Scrap Tungsten Price Keeps the Same, Attitude No Improvement
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- Category: Tungsten's News
- Published on Friday, 21 December 2012 16:41
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The mainstream scrap tungsten price maintains steady. The transaction price excluding tax of domestic blade is ¥171.00-¥174.00/kg; imported blade is ¥182-186/kg; scrap tungsten bit still concentrates on ¥187.00-¥191.00/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.
With falling price of tungsten concentrate, tungsten miners are bit more willing to ship, however, low demand still leads to low transaction volume although the resource of scrap tungsten is short. Scrap tungsten suppliers, which are affected by the downward of tungsten concentrate price, their attitude become more cautious and more willing to wait and see. Chinatungsten Online predicts scrap tungsten prices will keep steady generally but falling feebly.
In the international market, tungsten concentrate prices show its trend to move up constantly. By the night of 14th, the guiding price of MB ferrotungsten in warehouse Rotterdam maintains $43.00-44.00 per kilogram tungsten, the highest level has increased $0.50; the quotation of ammonium paratungstate keeps $304.00-330.00/mtu.
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Tungsten Mining Closes at A Premium after First Trading Day
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- Category: Tungsten's News
- Published on Friday, 21 December 2012 17:05
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Tungsten Mining (ASX: TGN) hit the ASX boards at 2pm EST yesterday and traded as high as $0.21, before closing at $0.205 - a 2.5% premium to the IPO price.
The Tungsten Mining prospectus offered 25 million shares at $0.20 to raise $5 million, with oversubscriptions allowed for another $3 million.
Read more: Tungsten Mining Closes at A Premium after First Trading Day
Source of Tungsten Concentrate Increasing While the Prices Decrease
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- Category: Tungsten's News
- Published on Friday, 21 December 2012 16:36
- Hits: 3118
With the coming of New Year, domestic tungsten concentrate shows its downward trend. Today, 65% tungsten concentrate based on Ganzhou mainstream quotation focus on ¥115,000.00-116,000.00/t, and the real transaction price may be lower to ¥113,000.00/t. According to tungsten suppliers, flow supply of goods in spot market is relatively sufficient which could restrict the spot price to some extent. However, facing dual-pressure of low demand and fund shortage, many tungsten suppliers have to quote in order to get cash.
A tungsten trader from Hunan said, “the supply of goods is adequate, especially in tungsten ore. We estimate the net profit of tungsten concentrate is ¥20,000.00-30,000.00, so decreasing tungsten concentrate prices is possible. But with the consideration of market risk, tungsten traders are not dare to stock up too much goods, thereby the transaction volume is still low”.
Chinatungsten analyzes, tungsten market goes down, and the small and medium-size enterprises, which under high pressure, have to ship with low prices to ease fund pressure. Chinatungsten Online expects the price will reduce to ¥115,000.00, even to ¥110,000.00, but the possibility to lower than ¥110,000.00 is small.
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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