Scrap Tungsten Suppliers Continues to Wait and See

The mainstream scrap tungsten price maintains steady. The transaction price excluding tax of bit concentrates on ￥187.00-￥191.00/kg, domestic blade is ￥172.00-￥176.00/kg, imported blade is ￥182-186/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 scrap tungsten prices above are steady. 10W-20W tungsten unit to ￥635.00/mtu while 8W-10W tungsten to ￥571.00/mtu.

Tungsten ore price goes up constantly under the strong willing to increase of providers. However, most tungsten ore providers cannot find properly consumers which means higher risk of tungsten ore price decreasing. Under the situation of weak demand and supply, it is difficult for scrap tungsten suppliers to break out current steadiness. Chinatungsten Online expects that scrap tungsten price will keep stable in short term.

In the international market, mainly oversea tungsten market price keeps stable as usual. By the night of 7th, the guiding price of MB ferrotungsten in warehouse Rotterdam maintains $42.75-43.50 per kilogram tungsten; the quotation of ammonium paratungstate keeps $304.00-330.00 metric tones unit.

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