Tungsten market trend is steady since last week with small transaction volume of tungsten products. The devaluation of RMB which hits 6.7 also affect tungsten price. Tungsten market is expected to be stable in the rest two months. Up until now, the top 11 tungsten concentrate production provinces are Jiangxi, Hunan, Henan, Yunnan, Guangxi, Neimenggu, Guangdong, Fujian, Gansu, Xinjiang, Heilongjiang.
Under the effect of National Day’s holiday, although some enterprises are still waiting to stimulate tungsten market, raw material market is in nervous status, manufacturers only purchase raw material without selling. Dealing amount is decreasing.
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Since the price of tungsten concentrate and ammonium paratungstate hit the bottom of 60,000RMB/ton, it stoped falling and went up slightly last week. The change in market is faster than expected, for most enterprises thought the market will turn better at the end of August.
Atsunori NEGISHI, Terunobu MAEDA
Technical Research Institute.
The China Ammonium Metatungstate(AMT) Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Ammonium Metatungstate(AMT) industry.
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