Domestic Waste Tungsten Market Is in Temporary Stability, Tungsten Maintains Steady Overseas

Tungsten steel scrap price is in strong stability. Recently, waste tungsten bit price (no tax) mainly focused on 189-190 yuan/kg, domestic waste tungsten blades is about 169-170 yuan/kg, imported waste tungsten blades and waste wire drawing die is still concentrated in 179-180 yuan/kg. The acceptable market demand support businessmen in mentality, transaction price tends to still high.

Waste tungsten material price temporarily stabilized. The purchasing price of grinding material W content in 30 to 40 degrees is concentrated in 1.45 to 1.5 yuan/degree, 50-70 degrees focused on 1.55 to 1.65 yuan/degree, over 70 degrees concentrated in 1.65 to 1.71 yuan/degree. In September, the guided price of tungsten concentrate has been introduced, and the price from Minmetals is steady but Ganzhou tungsten association downgrade, which slightly affected confidence in the market. Waste tungsten businessmen temporarily has no intention of adjusting price, and the dealing has no obvious improvement. In short-term waste tungsten market is expected to continue to hold steady.

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