Tungsten scrap prices continue to edge lower, weaker recovery wishes

Tungsten concentrate prices fell again, scrap tungsten steel business mentality of pessimism, low price continued to move closer. Down market, the downstream recovery wishes weak, lower prices is serious, but the price is low willingness to hold stocks, short-term market is expected to remain weak run.

Tungsten steel scrap prices low transient stability. Waste tungsten drill focused on mainstream price 160-165 yuan / kg; import blade 153-159 yuan / kg, homemade blade 147-148 yuan / kg, drawing die 154-156 yuan / kg, pure tungsten block 170 yuan / kg. Tungsten scrap material prices continue to decline. 70 degrees above the grinding tungsten scrap material 1.43-1.48 yuan / kwh, down 0.02 yuan; 50-70 degrees 1.38-1.43 yuan / kwh, down 0.02 yuan; 30-40 degrees 1.3-1.35 yuan / kWh, transient stability.

Overseas tungsten City fell again. The 19th in the evening MB ferrotungsten Rotterdam offer 36.7-37 USD / kg tungsten, steady; paratungstate Europe offer $ 300-335 / metric ton, down $ 10-25; Hong Kong offer $ 330-355 / metric ton, down $ 5-10 . Expected short-term overseas tungsten City difficult climb.


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