Low Buying Interest in China’s Tungsten Concentrate Market

Analysis of latest tungsten market from Chinatungsten Online: Affected by the stricter environmental protection inspections, many manufacturers in China’s major tungsten production regions stop production to undergo repair and thus market supply of tungsten related products are short. While the demand side does not follow up closely, it is hard for both purchase and selling. Smelting factories have not yet decided when they will start production.

In the tungsten concentrate market, major smelting factories stopping production weakens the demand for tungsten ores, even the price decline still cannot increase trading volumes. Also taking into account production factor, traders are unwilling to sell products. Tungsten concentrate price hovers at a relatively low level, gaining strength when the price exceeds $17,741.9/t.

APT manufacturers in major production areas cut output greatly, which further reduces market supply and raises product prices. The tightening availability of spot goods limits trading volumes increase. At present, APT price stands at $328/mtu.

It is known that Ministry of Ecological Environment has checked 2796 solid waste heap points in 11 provinces in Yangtze River Economic Zone and 1308 of them are unqualified, amid 336 in major tungsten production area Jiangxi and 69 in Hunan province.

Prices of tungsten products on May 24, 2018

Picture of tungsten powder

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