Waste tungsten market sentiment pessimistic, holding cargo shipments will increase

Run tungsten concentrate prices continue downwards, scrap tungsten market sentiment pessimistic, holding cargo shipping business will increase, low-cost resources will continue to increase, the overall market remained weak. With the approaching end of the financial pressure will gradually increase, coupled with the expected bearish market outlook, expected short-term price of tungsten scrap or weak run.

Weak low tungsten scrap prices stable. Currently scrap tungsten drill mainstream transaction price excluding tax concentrated in the 175-178 yuan / kg, imported scrap tungsten blades and drawing dies 168-170 yuan / kg, domestic waste tungsten blade 157-160 yuan / kg. 70 degrees above the grinding tungsten scrap material 1.59-1.63 yuan / kWh, 50-70 degrees 1.49-1.59 yuan / kWh, 30-40 degrees 1.39-1.44 yuan / kwh.

Overseas tungsten City is still a steady decline. 29 evening MB ferrotungsten Rotterdam offer 38.5-39.5 US dollars / kg of tungsten, paratungstate Europe offer 325-345 US dollars / ton degrees, highs $ 5; quoted in Hong Kong remained at $ 340-360 / ton degrees, highs $ 5. Overall decline narrowed, expected short-term overseas tungsten City or continue weak adjustment.


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