Tungsten Powder Prices in China Stabilize Supported by Concentrate Tightness

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in China keep stable under high prices and tight supply in the raw material market but weak demand in the terminal side. Most traders take a watchful stance as the market outlook remains unclear after the end of China’s Two Sessions. 

In the tungsten concentrate market, mines that affected by Two Sessions start to resume production gradually, but the release of resources need some time. Sellers now are optimistic about the cost and supply of raw materials, and thus are not willing to sell their products. Tungsten concentrate price try to be raised to $15,384.6/t, but no deals concluded. 

The tightening availability of raw materials, consumption of factory inventory and weak demand drag smelting factories’ profits down. Manufacturers face challenges of purchase and sell. After the Two Sessions, the relationship between supply and demand is expected to be changed. In the short term, APT price would continue to hover around $264.2/mtu. 

Downstream tungsten carbide and product enterprises receive few new increased orders and consume raw materials slowly due to the weakness in the terminal side. Tungsten powder market faces more challenges but will keep steady.

Prices of tungsten products on Mar. 20, 2019

Picture of ammonium metatungstate

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