European tungsten City still down, domestic scrap tungsten market stability maintenance

Overseas tungsten City is still a steady decline. On the 27th evening MB Rotterdam ferrotungsten offer 39.7-40.7 U.S. dollars / kg tungsten, steady; paratungstate European offer of $ 350-360 / t degrees, the overall decline $ 10; Hong Kong offer remains at $ 358-370 / t degrees. Although the European summer break has ended, but still have not seen the release of overseas downstream demand, market trading atmosphere is still deserted, often causing prices dropping, expected short-term overseas market will remain difficult tungsten city better.

Tungsten steel scrap prices firm holding stability. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 168.5-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 178-180 yuan / kg. Recent tungsten steel scrap trading volume has decreased, but the business mentality still strong, the price adjustment will is not strong, short-term and more will continue to stabilize. Grinding material purchase price 30-40 degrees W content focused on 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. A time when the end, tungsten concentrate prices stabilized, scrap tungsten materials business mentality slightly by the support. Currently waiting to see the introduction of multi-month miners guided tungsten concentrate agency is expected no short-term market fluctuations.


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