Tungsten Market Trading Reduces While Price Tends to Stabilize

Analysis of latest tungsten market in China from Chinatungsten Online: Though raw material market shows tight supply again, most companies have not high willingness in selling and thus the whole trading volume is less. There are high quotations in some regions, but the actual transactions cannot support the rise of price.

Tungsten enterprises maintain good mentality. Part of smelting factories stop selling APT, but still have got plans to purchase tungsten concentrate. Major tungsten enterprises are cautious about the market, waiting for the latest guides from the government.

sodium tungstate picture

Before the Chinese Spring Festival, the supply in the tungsten raw material market will be short. This week, APT products gradually stop to be delivered and mainstream production areas for tungsten concentrate would basically stop trading. But customers have almost finished their plans for purchasing, so the demand will maintain the current situation.

Main raw material prices are higher than mainstream market price amid the quotation for wolframite concentrate reaches $17,209.mtu, APT price up to $301.3-303.1/mtu. But it is hard to get these products even with high price.

In February, tungsten enterprises’ operating rate starts back down, spot goods and downstream consumption also reduces, and then tungsten market in China backs to the weak supply and demand situation. There are 15 days left when the Chinese Spring Festival comes. Domestic carriers are gradually stopping providing services. As a result, tungsten market trading will reduce and price will be stable.

Prices of tungsten products on Feb. 01, 2018

sodium tungstate price picture

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