Waste tungsten market sentiment continued pessimism, holding cargo ship strong

Waste tungsten market sentiment continued pessimism, holding cargo ship strong, low-cost resources on emerging markets, and the prices stabilized stabilized difficult. Month, market funding pressures eased, miners are mostly guided the sidelines introduced in November, is expected to near scrap tungsten market or temporarily stabilized stabilized.

Tungsten scrap prices continue to decline. Currently scrap tungsten drill mainstream transaction price excluding tax concentrated in the 165-172 yuan / kg, imported scrap tungsten blades and drawing dies 160-164 yuan / kg, domestic waste tungsten blade 150-153 yuan / kg, down 1-3 yuan. 70 degrees above the grinding tungsten scrap material 1.55-1.6 yuan / kWh, 50-70 degrees 1.49-1.55 yuan / kWh, 30-40 degrees 1.35-1.4 yuan / kWh, weak stability.

Overseas tungsten market continues to fall. 31 MB ferrotungsten evening Rotterdam offer 37.5-38.5 US dollars / kg of tungsten, the overall decline $ 1; paratungstate Europe offer $ 325-345 / ton level, transient stability; Hong Kong offer $ 338-360 / metric ton, down $ 2 lower. Expected short-term overseas tungsten City or continue weak adjustment.


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