Xiamen Tungsten Dropped Ammonium Metatungstate Offer Levels for December

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its offer level for ammonium metatungstate (APT) at $271.2/mtu for the first half of December, down $3.5/mtu compared with last month. The further decline in large enterprises’ offer levels it in line with current downward trend in the market. 

In the tungsten concentrate market, traders remain cautious mentality before the clear of new guide prices from Ganzhou Tungsten Association and listing tungsten companies. Due to continued weakness in demand side and capital shortage, market trading is quiet, although China made an agreement with the United States to stop imposing new duties on each other. 

APT manufacturers’ profits are squeezing as they face grave challenges from funds and production costs. Besides, lowered offer levels from large companies also contribute to the weaker mood in commodities. Affected by the environmental protection, smelting factories maintain low operating rate, without much pressure of stocks. But insiders tend to be pessimistic. APT price now hovers around $269.5/mtu. 

Tungsten powder prices remain weak adjustment, followed by raw material market. Downstream alloy and product enterprises have not high enthusiasm in purchasing raw materials and keep forcing prices down. The market now is caught in wait-and-see atmosphere, with rare deals concluded.

Prices of tungsten products on Dec. 05, 2018

Picture of tungsten powder 

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