China Tungsten Concentrate Prices Stabilized on Low Trading Activity

Details: Category: Tungsten's News; Published on Monday, 18 February 2019 17:40

Analysis of latest tungsten market from Chinatungsten Online

In the first trading week after the Spring Festival, tungsten prices in China stabilized on the whole as the holiday atmosphere still covers the market. Considering the external trade disputes, terminal demand, new tungsten forecast prices remaining unclear, and expected low trading activity before the Lantern Festival, traders were cautious to offer and inquiry.

In the tungsten concentrate market, the supply of raw materials were under control as mines have not fully recovered their productivity, and the logistics and transportation also have not returned to normal. Sellers have strong rised mentality and thus were not willing to sell their products. Market inquiry is low now and tungsten concentrate prices hover around $14,923.1/t.

More and more smelting factories resumed working, but did not get the plan to purchase due to tightening availability of raw materials, weak terminal demand and unclear guide prices from large tungsten companies. At present, ammonium metatungstate (APT) market is quiet with offer levels of $262.5/mtu.

Tungsten powder market had good expectations for raw material market, but terminal demand did not recover. Therefore, tungsten powder companies mainly stabilized their offer levels. In the short term, market participants would wait for the next move in the relationship between supply and demand.

Prices of tungsten products on Feb. 18, 2019

ammonium metatungstate price picture