Tungsten scrap material prices fell slightly, the business mentality in the doldrums

Yesterday, Minmetals, tungsten Society, guided further reduced, resulting in an overall confidence tungsten City once again frustrated, some businesses that do not hold for the second half of the market has been expecting, the recent scrap tungsten market is expected to remain slow and more downtrend. Tungsten scrap material prices fell slightly. Low-grade material than before the holiday fell about 0.01 yuan / kWh, the height of the material fell 0.02 yuan / kWh.

Tungsten steel scrap prices continue to fall. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 184-187 yuan / kg, imported scrap tungsten blade 173-175 yuan / kg, domestic waste tungsten blade 164-166 yuan / kg, scrap wire drawing dies 178-179 yuan / kg waste pure tungsten blocks 203-213 yuan / kg, down 1-3 yuan. Relatively slow decline in Hebei, Jiangsu and Zhejiang provinces but growing low-cost resources, or have a larger business mentality in the doldrums, converting short-term market vulnerable to reverse.

Overseas tungsten City mixed. On the 8th evening MB Rotterdam ferrotungsten offer 38.5-39.2 U.S. dollars / kg tungsten, down $ 0.85-1.3. Paratungstate European offer 340-360 U.S. dollars / metric ton, steady. Hong Kong offer $ 358-370 / t degrees, exploration $ 3 on low. Overseas demand for slow release, but did not improve the overall turnover and, therefore difficult to stabilize the market operation, expected short-term overseas tungsten Costco will continue to narrow adjustment.


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