【Chinatungsten Online News Net- Tungsten News】

Tungsten Market demand continues to slump, the end of the business needs to return the funds, some began to cut prices to sell, so the market is growing low-cost resources, expected in December mainstream market will remain weaker late run.

Macro level, the NDRC said the important metallic mineral reserves guarantee sharp decline; refined oil price adjustment this welcome window, or because of the magnitude of less than 50 yuan / ton aground; U.S. manufacturing and property market performed well, supporting the prospects for economic recovery.

Tungsten scrap prices fell slightly. Currently domestic waste tungsten blade mainstream purchase price excluding tax is still concentrated in 166-169 yuan / kg, imported blade 176-179/kg, down 1 million; waste tungsten drill 186-189 yuan / kg, down 2 million; scrap pure tungsten 215-220 yuan / kg, down $ 5. Tungsten grinding waste material W ≥ 70% ,1.78-1 .83 yuan / kWh, 50% <W <70% ,1.63-1 .78 yuan / kWh, 30% <W <50% ,1.43-1 .58 yuan / kWh, down 0.02 yuan .

With the continued decline in the domestic price of tungsten ore, scrap tungsten market can no longer firm, most businesses offer began to cut. Deserted market trading atmosphere, overall demand is low, turnover and more concentrated in the low-cost resources. We expect more than short-term waste tungsten market will remain weak to run.