China Tungsten Prices Stabilized on Panic Sentiment for Fanya APT Stockpiles

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices continued to keep stable in the week ended on Friday August 16, 2019 with the impact of environmental checks, high temperature, reduction, overhaul and low operating rate of smelting plants. 

The recent Sino-US economic and trade consultation and reports that products related with Fanya will gradually be auctioned made the industry more cautious in trading to avoid risks. Downstream purchasers were not optimistic about market demand, funds and inventories, so the inquiry was quiet. 

Now, the strong rised mentality of sellers and supply shortage are the main factors to support the tungsten concentrate market. Product profits are limited by the cost side. Under the environmental checks and capital shortage, smelting factories remained low operating rate. 

On last Wednesday, antimony and rare earth inventories concerned with Fanya case were reported to be auctioned at the end of this month, which made insiders become worry for flow of around three tones of APT stockpiles. Therefore, the whole industry waited and saw the market movements. Market trading remained thin. 

Prices of tungsten products on Aug. 19, 2019

Picture of tungsten powder 

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