APT Market Quiet; Tungsten Concentrate Price Stabilizes in China

Analysis of latest tungsten market from Chinatungsten Online

In the Chinese tungsten market, the first guide prices for 2019 from institutions and large tungsten enterprises dropped slightly, but are in line with current market trend, supporting raw material market. Short-term tungsten prices are expected to hover around the new offer levels before the demand side becomes active.

In the tungsten concentrate market, the production is limited, affected by deadlocked supply and demand, environmental protection inspection and mines stopping production to undergo repair. Businesses have not much pressure of sales, but considering the weakness in the terminal side, they are reluctant to sell at low prices. Tungsten concentrate prices stabilize at $14,615.4/t, with rare transactions concluded.

As downstream buyers are not active in trading, new increased orders are rare in the ammonium paratungstate (APT) market. But prices are supported by environmental protection and costs. For now, manufacturers mainly stabilize their offer levels. 

Downstream tungsten carbide and product enterprises remain cautious to inquiry, although tungsten powder market releases signs of stabilization. Without the supports of actual transactions, traders’ confidence is weakened. They now wait for the next move in the market and adjust their offer levels slightly.

Prices of tungsten products on Jan. 9, 2019

Picture of tungsten powder 

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