China Tungsten Concentrate Price Supported by Tightening Availability

Details: Category: Tungsten's News; Published on Wednesday, 20 February 2019 17:39

Analysis of latest tungsten market from Chinatungsten Online

Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in the Chinese market with China slowly coming back to the market following the Lunar New Year holiday, while the concentrate price continued to gain support from tight supply.

In the tungsten concentrate market, mines come back to the work gradually and sellers have strong rised mentality. Most businesses have good expectation for environmental protection, cost and supply. Although they tried to raise their offer levels, downstream were not accept. Therefore, tungsten concentrate continued to stabilize on the whole.

Low-price raw materials are hardly got in the APT market, purchasers remain low buying interests, plus with stabilized offer levels for February from Xiamen Tungsten and Zhangyuan Tungsten, market participants mainly take a watchful stance. APT prices now hover around $262.5/mtu.

Black tungsten concentrate prices were quoted at $15,076.9/t by Jiangxi Tungsten, up $230.8/t compared with the secondly half of January; Xiamen tungsten quoted APT at $262.5/mtu, unchanged from January.

Prices of tungsten products on Feb. 20, 2019

tungsten carbide powder price picture