Chinese Tungsten Market Remained Tepid on a Tight Supply

Analysis of latest tungsten market in China from Chinatungsten Online: The whole Chinese tungsten market remained tepid last week amid the price stabilized and tungsten enterprises have low willingness in trading. Most transactions now mainly come from the trading market and this period is considered as a proper time for enterprises to stock up due to the stability of tungsten price.

Enterprises in the raw material market conducted transactions in a random way, especially tungsten concentrate. After the stability of tungsten concentrate price, stocks outflow decreased and tungsten mines reduced production. So most trading companies have to purchase replying on luck.

The quotation for tungsten products was unchanged. Wolframite concentrate was quoted at $16,899-17,054/t; scheelite concentrate was quoted at $16,589-16,744/t; APT was quoted at $296-300/mtu; medium particle tungsten carbide powder was quoted at $41.1-41.9/kg.

In the spot market, the actual transactions in tungsten concentrate reduced, sellers were reluctant to sell and the main transaction price hovered around $0.23/kg. APT market has better trading than raw material market. Some enquires from downstream enterprises have been received a higher price response. Most APT quotations were higher than $297.8/mtu.

Taken together, the whole tungsten price remains stable, tungsten enterprises’ purchasing enthusiasm has a certain pressure, but advanced purchasing is expected to pull market price up slightly. Chinatungsten Online forecasts that raw material price may be adjusted slightly given the weak market trading.

Prices of tungsten products on Jan. 29, 2018

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