Tungsten Concentrate Market Shows Stability Amid Low Available Raw Material

Analysis of latest tungsten market in China from Chinatungsten Online: APT, tungsten powder, tungsten carbide and tungsten concentrate market are stable amid high quotation in some regions and limited trading volumes. The price in the raw material market is in chaos and with the influence of two sessions in March, the production capacity is releasing slowly. Besides, as downstream smelters have finished the stocking up before the Chinese New Year, the demand for tungsten concentrate has not recovered yet, causing the thin tungsten market.

APT manufacturers gradually start quoting. Mainstream APT price in Jiangxi, China stands at $306.6-308.3/mtu now. Smelting factories mainly arrange production on previous orders, with low willingness in receiving new orders. The moves mainly owes to the tightening availability of raw material and a large numbers of orders at hand.

Prices in the tungsten powder and tungsten carbide market are in the upward trend while new purchasing plans are not carried out by alloy and product manufacturers, so the actual demand needs to be further released. Tungsten powder was quoted at $42.6-43.1/kg; tungsten carbide powder was quoted at $42.3-42.8/kg.

According to historical experience, demand in one or two weeks after the Chinese New Year holiday rise slowly and will see concentrated outbreak after the Lantern Festival. Without the support of sufficient and actual demand, fast rise in price beyond the benefit, plus the guide prices will soon be released, insiders have good mentality.

Prices of tungsten products on Mar. 02, 2018

tungsten powder price picture

Picture of tungsten powder

tungsten powder picture

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