Currently, domestic tungsten concentrate prices reduce gradually. Today, mainstream 65% tungsten concentrate price based on Ganzhou focuses on ￥112,000.00-115,000.00/mt, more than 60% scheelite concentrate quotation based on Hunan is ￥110.000.00-114.000.00/mt.

According to observation, the ship atmosphere in the market is relatively weak, some tungsten concentrate suppliers quit the spot market because of low delivery prices and high difficulty to deal. More traders choose to hold wait and see attitude. In the end of year, the demand and supply situation may be even weaker in the tungsten concentrate market. Chinatungsten Online expects, tungsten products price and tungsten concentrate price will go down constantly in near future.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Core tips: The need of sodium tungstate remains weak, transaction prices are running at low level while few deals can be seen in tungsten carbide market.

Situation of tungsten concentrate market is that raw material traders are not eager to ship and the quotation is under restriction. Prices of individual tungsten products from downstream reduce by lower purchasing cost. The need of sodium tungstate remains weak, transaction prices are running at low level while few deals can be seen in tungsten carbide market, and the prices focus on ￥270.00/kg. The overall tungsten concentrate prices keeps falling, and some traders hold low expectation toward tungsten concentrate market in near future.

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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The mainstream scrap tungsten price maintains steady. The transaction price excluding tax of domestic blade is ￥171.00-￥174.00/kg; imported blade is ￥181-183/kg; scrap tungsten bit still concentrates on ￥187.00-￥190.00/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 ￥1.70 per kilogram tungsten, 50W-70W is ￥1.60 per kilogram tungsten, 30W-40W is ￥1.40 per kilogram tungsten, 10-20W is ￥0.80 per kilogram tungsten while 8W-10W is ￥0.70 per kilogram tungsten, which keep steady constantly.

Tungsten concentrate spot prices stay weak. Other kinds of tungsten products cannot avoid dropping destiny. Under the support of short resource, scrap tungsten prices has been hold relatively, but small transaction volume has been realized. Scrap tungsten suppliers’ attitude becomes more cautious and more willing to wait and see. Chinatungsten Online predicts scrap tungsten prices will keep steady generally but falling feebly.

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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Tungsten Mining (ASX:TGN) has followed up yesterday's Initial Public Offering on the ASX with the announcement that drilling has commenced on its flagship Kilba Tungsten Project in Western Australia. 

Tungsten says it is concentrating on rapidly evaluating and developing the site, which hosts a high grade scheelite deposit with potential to support a mining project. 

The diversified miner holds a 100 per cent entitlement to a mining lease within the Kilba, and has completed the first phase of its drilling program, comprising 8 diamind core holes. 

Tungsten says the drilling program, alongside its admission to the ASX, represents a significant milestone towards becoming a developer. 

Tungsten Mining listed on the ASX yesterday, closing the day at $0.205.

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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