Wait-and-See Atmosphere Results in Mostly Flat Tungsten Concentrate Price

Analysis of latest tungsten market from Chinatungsten Online: This week, mainstream tungsten quotations in China climb, supported by strong rised mentality in the raw material side. But due to the thin trading in sellers’ market, traders maintain the wait-and-see atmosphere. Before the release of guide prices of this month from large tungsten enterprises and associations, tungsten market will show stable.

Businesses now have good mentality in the tungsten concentrate market and some of them are reluctant to sell to raise their offers. Low-price resources are short. Without the support from downstream trading, market price is hard to rise. In the short term, high grade tungsten concentrate price concentrates on $17,903.3/t.

Owing to increased raw material quotations and tightening availability of spot goods, APT manufacturers continue raise their offers and are not willing to sell at low prices. Downstream customers have not plan to stock up, which limited the space of price rise. APT price will not across $318.9/t this week.

Downstream factories and middleman have stocked up some resources in the previous stage, so new orders in the terminal market have not seen rapid growth. Considering the high production cost and unstable supply, traders are still not active in trading, waiting for the next move of large enterprises. On the whole, tungsten powder price is expected to stabilize.

Prices of tungsten products on May 4, 2018

tungsten powder price picture

Picture of tungsten powder

tungsten powder picture

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