China’s Tungsten Price Stabilizes with Thin Trading Volumes

Analysis of latest tungsten market in China from Chinatungsten Online: Trading volumes in tungsten market have been remained at a low level since the Chinese New Year. Opening this week, some traders are more willing to sell, but downstream factories only purchase on their orders, which enhances the heavy wait-and-see atmosphere. So tungsten price will keep stable in the short term.

In the tungsten concentrate market, businesses have good mentality and are reluctant to sell their products at a low price. Due to two sessions of China and environmental protection affecting operating rate of mines, production capacity of raw materials is low. Considering the strong rised mentality of market participants, tungsten concentrate price will stabilize.

APT price keeps firm on tightening availability of low-price raw materials. While downstream enterprises with cautious attitude towards high-price raw materials mainly reply on stocks to produce long-term orders and the whole demand is still weak, which greatly affects the mentality of APT manufacturers.

Tungsten raw material prices offer support to tungsten powder market in production costs. Downstream alloy and product enterprises are producing pre-orders, so most businesses face little pressure of shipments and the quotation maintains stability.

Prices of tungsten products on Mar. 13, 2018

Picture of APT

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