This week the price of waste tungsten steel rose slightly. Recently, the price (no tax) of waste tungsten bit focused on 189 to 190 yuan/kg, domestic waste tungsten blades price is 169 to 170 yuan/kg, imported waste tungsten blades price is 179 to 180 yuan/kg, up 0.5 to 1 yuan than the lowest price last week, but the highest price doesnot rise. The purchasing price of grinding material W content in 30 to 40 degree is concentrated in 1.45 to 1.5 yuan/degree, 50-70 degree focused on 1.55 to 1.65 yuan/degree, over 70 degree concentrated in 1.65 to 1.71 yuan/degree, with flat last week.

At the beginning of Sep, the atmosphere of wait-and-see in the market is strong, in addition, the guided price of tungsten concentrate has not yet been published in September, businessmen lack of pricing power. Gradually waste tungsten steel market demand is acceptable and dealing price is gradually close to the highest price, and business mentality is relatively strong. Waste tungsten material price associated closely with tungsten concentrate, but in tungsten concentrate price is poor in recent days, therefore waste tungsten material price is hard to rise. It is expected that waste tungsten market next week will stabilize, but the actual demand hasnot yet been released.

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Overseas tungsten market has turned up this week. Up to 3rd, Sep,  MB tungsten iron in Rotterdam is quoted 40 to 41 dollar/kg, which rose by $0.3 overall from last week. European offer of para-ammonium tungstate is $350 to $360 dollar/ton, Hong Kong offer is $358 to $370 dollar/ton, which is flat with last week. European summer break is over, downstream demand overseas has gradually released, the mentality of businessmen has became better, and quotation starts to rise, trading atmosphere is gradually recovery, it is expected that overseas tungsten market will continue to slowly rise next week.

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Today, tungsten ore market sentiment continued strong, buyers cautious to buy, hold stocks are at a loss to sell tangled spot market turnover continued stalemate, the mainstream market quotations temporarily disadvantaged stability maintenance. However, due to the continuing weakness guided ITIA, the traditional peak season & ldquo; Kim Koo & rdquo; demand nor improved business confidence fell more, inquiry continue to be suppressed.

It is understood that 60 wolframite transaction price of about 101,000 yuan / ton, 60-degree scheelite concentrate price has been suppressed to below 100,000, approximately 99,000 this week, buyers and sellers are careful to operate, even with the intention of , now more than in the negotiation stage, thinly traded stock. Tungsten concentrate prices are still expected to post slipped risk, and if more no positive factor stimulation, hold stocks or exploratory shipments will increase.


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Since September Scheelite guide price have come down, the business of "Golden September" Expect nothing, overall confidence in the city along with the weakening of tungsten. Tungsten scrap merchants have no plan to cut prices, offer remained stable, but demand is low, poor turnover, steady potential fear not for long. Expected short-term or temporary stability scrap tungsten market, investors may no shortage of fall, the proposed goods and more businesses may be appropriate low shot.

Tungsten scrap prices remain stable. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 189-190 yuan / kg, domestic waste tungsten blade 169-170 yuan / kg, imported waste and scrap tungsten blade drawing die is still concentrated in the 179-180 yuan / kg. 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.

Overseas tungsten City continued maintenance of stability. On the 10th evening MB Rotterdam ferrotungsten offer 40-41 USD / kg tungsten, ammonium paratungstate European offer of $ 350-360 / t degrees, the Hong Kong offer $ 358-370 / t degrees, are steady. European summer break ended, overseas downstream demand to be released, the market sentiment gradually improved, trading atmosphere gradually recover, expected short-term overseas tungsten Costco will remain stable trend.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:  sales@chinatungsten.com
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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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On August 29 to 30, 2014, jiangxi tungsten holding group and central south university have a talking about a comprehensive strategic cooperation and have reached an agreement in JingAn hot spring resort.

According to Japan News reported , as sino-japanese ship collision in diaoyu island in September 2010, China has cut rare earth exports to Japan. Due to close to 90% of rare earth supply demand depends on China, Japan has been short of rare earth, and industries are in great confusion. Supply shortage has been existing until the summer of 2011, the price also rose violently several times.

Under the drive of interest, the United States, Canada, Australia and other countries have raised a hot wave of exploiting rare earth. Japanese companies also accelerate the diversity of purchasing channels. Sojitz has began to import rare earths from Australia in 2013. Toyota tsusho company also plans to produce rare earths in India in 2014.

It is reported that mistake is "rare earth", although in general it is called "rare earth", it can be divided into light rare earth and heavy rare earth, the former can be widely in the world mining, but the later has very few stock, and is worthy of the name "rare earth", both added up to a total of 17. After the collision, Japan has found purchase channels but it is mainly light rare earth. Heavy rare earth class still almost entirely depends on China.

With the weakness of guided price, tungsten iron manufacturers offer continues to be strong, and the reason is that there is a difficulty in collecting money, raw material purchase price is hard to be dropped, and environmental pressure increases. Downstream enquiries are being negative, and the dealing volume is less. Compared with last week, the actual transaction prices still fell slightly, especially low dealing increased slightly.

It is reported that 70 tungsten iron tax offer concentrated in the 171000 to 175000 yuan/ton, there is a higher price of 176000 yuan/ton, but the actual dealing is in 170000 to 172000 yuan/ton.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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