Stabilized Tungsten Market, Firm Sodium Tungsten Prices

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International market, the latest offer of the European strategy of small metal shows, price of overseas ammonium paratungstate, tungsten-iron prices continue to steadily running.

Xiamen, Fujian, China., February 3, 2012 - (PressReleasePoint) -

International market, the latest offer of the European strategy of small metal shows, price of overseas ammonium paratungstate, tungsten-iron prices continue to steadily running.
In the domestic market, the recent price of tungsten ore is mainly stabilized, while with slightly weaker trend. As for the market fluctuation after the festival, the market participants hold different opinions, combined with funding problems still exist. Therefore, purchasing is cautious, and it is expected the market transactions will continue to decrease as the Spring Festival approaching.
Although sodium tungstate market is affected by the shortage of funds, and transaction is weak, but prices remain relatively strong. It is reported that downstream producers pick for the price generally 15.5-15.6 yuan / ton, brokers purchase price is also 15.2-15.3 yuan / ton in the vicinity, the overall high.

According to understanding, firmly price of tungstate sodium is due to tight supply source of scrap tungsten (scrap tungsten powder, grinding materials, tungsten mud, etc.), which is main raw material for producing tungstate sodium.

A trader in Hanzhou this morning bought 5 tons cargos from a manufacturer in Jiangyan, Jiangsu at the price of 152 thousand yuan cash. The trader also revealed that due to the tight capital and uncertainty of the later market trend, they accept goods amount less than 3 tons, only for the use after the year.
As for APT, currently 50% of the manufacturers have been stopped production, and the market is quiet. The mainstream price is around 205,000 yuan / ton.

Most manufacturers of tungsten steel scrap have also been discontinued. According to a trader in Taizhou, Zhejiang, the manufacturers here have almost all been stopped production, only a small part is finishing the final order.