Chinatungsten Online is honored to be paid much attention recently, meanwhile we feel so sorry that some people are misunderstanding our company and our products.

As Mike Hewitt commented our company and questioned us on www.dollardaze.org, www.Howestreet.com, www.safehaven.com, www.24hgold.com/english/home.aspx, and www.numismaster.com, etc., we felt insulted and we have to make an announcement for this case. We hope these websites and many other websites that have the similar comments can link to this announcement to help restore Chinatungsten Online’s reputation.

In order to be known better, we would like to introduce our company:

Core tips: tungsten products prices move up constantly, downstream traders are confused how to make next move. The situation of ‘high price but low demand’ intensifies drastically in tungsten product market.

Tungsten miners in China hold confused attitude that only tungsten products prices go up, transaction volume cannot be pushed up relatively. Generally, it is hard to make a deal in tungsten ore market. As to relate tungsten products, demand of ammonium paratungstate (APT) is still very low. It is hard for suppliers to receive order from end user that many factory owners choose to stop producing. Ferrotungsten, which is affected by high purchasing cost, increase its price relatively. The transaction price of ferrotungsten reaches ￥181,000.00/t. Chinatungsten Online expected that general situation of tungsten products market is steady, some of them has slightly change, which is led by guiding tungsten product price. 

Tungsten concentrate price still moves up from high level today. Currently, 65% tungsten concentrate price could reach ￥121,000.00/mt. However, some tungsten concentrate suppliers are not confidence with later tungsten concentrate market while traders try to suppress the price. Tungsten concentrate price in spot market focus on ￥115,000.00/mt. Generally speaking, price range of tungsten concentrate is relatively big but transaction volume is still weak.

The mainstream scrap tungsten price maintains steady. The transaction price excluding tax of bit concentrates on ￥187.00-￥191.00/kg, domestic blade is ￥172.00-￥176.00/kg, imported blade is ￥182-186/kg; scrap pure tungsten block is ￥208.00-￥213.00/kg.

The price of the content of scrap tungsten grinding material which is more than 70W is ￥1330.00/mtu, 50W-70W is ￥1270.00/mtu, 30W-40W is ￥1110.00/mtu. The scrap tungsten prices above are steady. 10W-20W tungsten unit to ￥635.00/mtu while 8W-10W tungsten to ￥571.00/mtu.

Tungsten ore price goes up constantly under the strong willing to increase of providers. However, most tungsten ore providers cannot find properly consumers which means higher risk of tungsten ore price decreasing. Under the situation of weak demand and supply, it is difficult for scrap tungsten suppliers to break out current steadiness. Chinatungsten Online expects that scrap tungsten price will keep stable in short term.

In the international market, mainly oversea tungsten market price keeps stable as usual. By the night of 7th, the guiding price of MB ferrotungsten in warehouse Rotterdam maintains $42.75-43.50 per kilogram tungsten; the quotation of ammonium paratungstate keeps $304.00-330.00 metric tones unit.