Tungsten scrap price continues to fall, the outlook is not encouraging

Scrap steel prices decline more than tungsten. Currently scrap tungsten drill mainstream price excluding tax concentrated in the 175-178 yuan / kg, down three yuan; imported scrap tungsten blades and drawing dies 168-170 yuan / kg, down 2 yuan; domestic waste tungsten blade 157-160 yuan / kg, down 1 yuan. Businesses pessimistic attitude, shipping prices have led to an endless stream of low-cost resources on the market, prices are not the lowest, only lower, but the overall volume is still in the doldrums, the market outlook is still optimistic.

Waste tungsten material prices also continued to decline. Currently more than 70 degrees tungsten grinding waste materials concentrated in price between 1.59-1.63 yuan / kWh, 50-70 degrees 1.49-1.59 yuan / kWh, down 0.01-0.03 yuan; 30-40 degrees temporarily remained at 1.39-1.44 yuan / kWh. Currently tungsten concentrate price decline is difficult to stop, along with scrap prices continue to fall, market confidence is very sluggish, short-term market is expected to temporarily difficult to improve.


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