Tungsten concentrates price reduction, delay procurement of tungsten powder

Dec. 28, 2011 - PRLog -- International markets, and overseas tungsten market continue to ensure stability, but as poor market demand, imports of tungsten significantly reduced compared with the same period in previous years, which is expected to stabilize the main market before Christmas.

The domestic market, market of tungsten concentrate is strong. There is low-cost reduction, and mainstream price focus on near 1.8-1.82 yuan / degree, but presently mentality of mine buyers and sellers are different, the overall market transactions is rare, and it is predicted present tungsten ore price keeps steady trend.

It is reported that yesterday a businessman was trying offer 1.75 yuan to sell 43 degrees wolframite concentrate, although no one is willing to accept the goods, but it shows the current market price of tungsten ore was still strong.

However, the actual market demand for raw materials is not good, and the recent strong price does not necessarily maintained. According to the latest understanding, this morning in some parts of price fluctuations in Jiangxi, the price back to 1.8 yuan from 1.82 yuan. Some businesses revealed that now the actual market is not stable and they are not dare to stockpile.

APT offer is strong, a slight increase in market price today is 210-212 thousand yuan / ton, but the turnover is quite difficult; sodium tungstate factory price of the 15.4-15.5 yuan / ton, although less than price, but by the strong price of tungsten concentrate and inventory reduced support of sodium tungstate manufacturers, market conditions improved slightly.

Downstream manufacturers of tungsten powder purchase quite little and the turnover is poor. It seems many businesses are waiting for low-cost goods in late December.
Tungsten steel scrap prices continue to stabilize, demand of downstream manufacturer is very limited, and purchase intention is weak with very few transactions.
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