Demand Remains Weakness While Tungsten Raw Material Supply Becomes Tight

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, domestic tungsten price is in a stalemate and market trading is not improved. Affected by the environmental protection policy, smelting factories are not active in restarting work and tungsten raw material supply becomes tight. While terminal demand still remains weakness, and large tungsten enterprises’ quotations for the second half of April stabilize, so insiders are mainly waiting for the next move in the market.

In the APT market, the guide price of APT form Xiamen Tungsten is $308/mtu, up $2.2/mtu compared the first half of this month, which is lower than mainstream tungsten quotation. Most manufacturers expressed stocks that can be sold at present is rare, so they are reluctant to sell, some of offers even edge higher. But given the poor performance in terminal market, market trading is thin. Most transaction prices mainly concentrate on $309.8/mtu.

Prices of tungsten products on Apr. 24, 2018

Picture of blue tungsten oxide

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