Tungsten Ore Market Price Going Up but Actual Transaction Continue Flat

Details: Category: Tungsten News; Published on Monday, 21 December 2015 16:28; Hits: 4381

Tungsten market quotation: From middle of November some tungsten manufacturers get unite to limit the sale amount of tungsten series products, in order to avoiding tungsten price continue to fall down. On the other hand, due to the tungsten price fall down to the “bottom price” so many mines stop to operation. Many tungsten manufacturers can’t get the raw materials for production so tungsten ore market price soared up at a big range. Before January 2016, tungsten ore market price may continue to going up by market control but the demand of the market may not increase. At the present, the whole economic situation of China is not good and the decline of European economy may be a long-term process. So the whole global economy situation is not stable and so as well as the tungsten market. Besides, steel industry continues to decline so the demand of tungsten products is not too much. On the other hand, at the end of year, many tungsten concentrate holders in order to have capital for turnover so they sale some tungsten ore for cash at early time. What’s more, at the end of year, many manufacturers don’t want to sale products. So at the present, tungsten concentrate has high price but the demand is not well. Some exports predict that before Chinese New Year tungsten ore market price may going up or maintain, but the demand of it will be flat.

The average market price of mainly tungsten products: wolframite concentrate (content ≥65%): 64,000.00 RMB/ton; scheelite concentrate (content ≥65%): 62,000.00 RMB/ton; ammonium paretungstate (content ≥88.5%): 98,500.00 RMB/ton, export price:218.00 $/ton; tungsten powder (content ≥99.95%): 157.00 RMB/kg, export price: 24.00 $/kg; tungsten carbide powder (content ≥99.7%): 155.00 RMB/ton, export price:23.00 $/kg; tungsten bar (content ≥99.95%): 210.00 RMB/kg, export price: 34.22 $/kg.

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