Tungsten Scraps Recyclers Lift Offers

Details: Category: Tungsten's News; Published on Tuesday, 11 December 2012 02:32; Hits: 3407

According to higher tungsten concentrate price, many tungsten scraps recyclers lift offers. However, there are few purchasing activities in spot market, as consumers with few orders on hand rebuild stocks cautiously.

A Hunan-based recycler who can process 10 tons per month offers tungsten scraps 90%min at RMB1,750-1,800/mtu (USD278-286/mtu), up by RMB50/mtu (USD7.9/mtu) on Monday, but consumers only accept RMB1,700/mt (USD270/mtu). The source is reluctant to release materials unless can ensure tungsten waste in advance, and it is a little hard to collect waste now. “When tungsten concentrate price goes up, most tungsten scraps recyclers lift offers. No matter consumers can accept the tungsten scrap price or not, we will insist on the current price level,” the source said.

According to him, he holds 10 tons of stocks on hand and is in no hurry to sell. Few consumers sent inquiries recently, and he has sold noting for a month. The source holds watchful attitude towards future market. Another recycler based in Hunan stated that tungsten scraps market runs slowly, and few deals were concluded in tungsten scrap spot market recently. The source offers tungsten scraps 90%min at RMB1,800/mtu (USD286/mtu), increased by RMB50/mtu (USD7.9/mtu) compared to last week. Although no new deals were concluded at the price, the source has no intention to lower offers for selling. “The price goes up according to higher tungsten concentrate price, but it does not mean that the demand increases,” the source said.The source has 18 tons of stocks on hand, and refuses to sell unless consumers can pay in cash. According to him, the supply of tungsten scraps is a little tight, and the price shows firm trend in near term.