Tungsten Concentrate Price Declines Slightly While APT Keeps Firm

Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy and different performances in supply and demand, different varieties in the industry chain show divergent price trends amid tungsten concentrate price declines slightly, APT price keeps firm and tungsten powder price maintains stability.

Downstream market reduces the consumption of tungsten raw materials, raising seller’s profit-taking mentality. Orders of terminal products do not increase and thus supply exceeds the demand. At present, tungsten concentrate price falls, but considering the environmental protection cost and short atmosphere in downstream market, the downtrend would be slow.

In the APT market, the operating rate of smelting factories decreases, causing the capacity reduction. Although the demand side remains cautious on purchasing, the short supply and rigid demand help APT offers hold up. High-price transactions of APT still need to be followed up.

Low-price tungsten raw materials are hard to get in the tungsten powder marker. Enterprises’ production cost supports the market while purchasing orders of customers do not increase. As a result, the supply and demand maintain balance. Tungsten powder price will stabilize in the short term when traders are waiting and seeing the attitude of large enterprises and market trend of tungsten raw materials.

Prices of tungsten products on May 16, 2018

Picture of tungsten powder

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