Trading Slows Down While Tungsten Price Stabilizes

Tungsten price remains the same price as the previous trading day, but market trading reduces. Most tungsten enterprises are not interested in participating in the market at the end of the January while part of trading companies replenishes their inventories.

The whole tungsten market is relatively weak in January, mainly affected by the flow out of funds and cautious attitude of large tungsten enterprises. With the disappearing of advantages, market stabilizes again. But Chinese Spring Festival is close, trading will soon be stopped, thus market demand will get no support.

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The quotation for tungsten products is unchanged. Wolframite concentrate was quoted at $16,899-17,054/t; scheelite concentrate was quoted at $16,589-17,744/t; APT was quoted at$296.0-297.8/mtu; medium particle tungsten carbide powder was quoted at $41.1-41.9/kg.

Spot market also stabilizes at present. Open market quotation for tungsten concentrate is fewer and some trading companies have certain demand. The main purchasing prices hover around $0.23kg while APT transaction prices concentrate at $297.8/mtu.

Taken together, with the influence of both market supply and mentality, market price before the Chinese Spring Festival will basically stabilize amid price in some regions is likely to climb slightly.

Prices of tungsten products on Jan. 26, 2018

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