China’s Average Tungsten Prices Lowered, Pressing Market Mentality

Analysis of latest tungsten market from Chinatungsten Online

Early in December, average tungsten prices from Ganzhou Tungsten Association and offer levels from large tungsten companies were released, which lowered slightly compared with last time. The weakening trend made market mentality to be under pressure. 

The decline in new tungsten guide prices is the result of weak demand and capital shortage. Market participants expressed pessimistic expectations for the tungsten market in December. The buyer’s intention to stock up at the end of the year was still low. Traders passively accepted the downstream demand, and the tungsten market maintained an overall weak situation. The actual transaction prices tended to edge lower. 

Ganzhou Tungsten Association’s average prices for December: wolframite concentrate price was $15,000/t, down $384.6/t from November; APT price was $267.7/mtu; down $10.4/mtu from last month; medium particle tungsten powder price was $37.7/kg, down $1.1/kg. 

Offer levels for the first half of December from Zhangyuan Tungsten: wolframite concentrate (WO3≥65%) was quoted at $15,000/t, down $307.7/t from last time; scheelite concentrate (WO3≥65%) was quoted at $14,769.2/t, down $307.7/t; APT was quoted at $267.7/mtu, down $5.2/mtu. 

Xiamen Tungsten released its purchasing price for APT at $271.2/mtu in the first half of December, down $3.5/mtu compared with the second half of November.

Prices of tungsten products on Dec. 07, 2018

Picture of tungsten powder

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