Tungsten Concentrate Guided Price Is Lower, Waste Tungsten Prices Keep Steady

Domaestic market: waste tungsten market maintains stable in the domestic market. Current mainstream focused on waste tungsten bit no tax price is 189 to 190 yuan/kg, and domestic waste tungsten blades is 169 to 170 yuan/kg, and imported waste tungsten blades and waste wire drawing die is still concentrated in 179 to 180 yuan/kg. Grinding material W content in 30 to 40 degree of purchasing price is concentrated in 1.45 to 1.5 yuan/degree, 50-70 focused on the 1.55 to 1.65 yuan/degree, over 70 degree concentrated in the 1.65 to 1.71 yuan/degree.

Since in September tungsten concentrate guided price is lower, businessmen donot expect the coming of "golden Sep", tungsten market become weaker overall. Waste tungsten businessman temporarily donot reduce the price, price remained stable, weak demand, however, a deal may not last. It is expected in short-term waste tungsten market is temporary stability, and recommended goods merchants could sell at a low price.

International market: Overseas tungsten market continues to stability. The quotation of MB tungsten iron in Rotterdam is $40 to 41 dollar/kg, European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which have stabilized. With the ending of European summer break, overseas downstream demand remains to be released, the market mentality is gradually improving, trading atmosphere is gradually recovery, it is expected that overseas tungsten market maintains steady in short-term.

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