China Tungsten Concentrate Prices Continue to Tumble on Weak Consumer Appetite

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten concentrate prices in China remain weak adjustment since late October due to lukewarm demand from end users after customers retreated from the market. Insiders are not optimistic about the outlook as a result of consumer destocking, a global economic slowdown and geopolitical turmoil. 

The tungsten concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. The price fell below $12,318.9/t on November 13, 2019. Smelting factories face pressure of price inversion, and thus slow down the pace of production. For tungsten powder market, companies take a watchful stance and prices hover around $31.2/kg. 

Low global demand for tungsten is likely to persist, with consumption falling by 19-20pc on the year. But tungsten demand could experience a recovery in the second half of 2020, as consumers replenish depleted inventories amid expectation of modest industry growth, delegates heard at the International Tungsten Industry Association meeting in Stresa, Italy.

Prices of tungsten products on Nov. 14, 2019

Picture of tungsten trioxide 

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