Tungsten Raw Materials Remain Short Supply and Price Rises Slightly

Analysis of latest tungsten market in China from Chinatungsten Online: There are ten days left before the Chinese Spring Festival. More and more tungsten enterprises are stopping trading, only some of them that are urge to stock up before the holiday would receive a small amount orders.

Quotation for tungsten products rises slightly. Wolframite concentrate was quoted at $17,209-17,364/t, up $155/t compared with the previous trading day; scheelite concentrate was quoted at $16,899-17,054/t, up $155/t compared with the previous trading day; APT was quoted at $299.6-303.1/mtu, up $1.8/mtu; medium particle tungsten carbide powder was quoted $41.1-41.9/kg.

In the spot market, the supply of tungsten concentrate is short, and thus the quotation is more than $17,054/t. trading in APT with the price of $303.1/mtu is less, the quotation from smelting factories is $306.6/mtu.

Taken together, mines stopping works and reluctant to sell are the main reasons for the short supply of tungsten raw materials. This week is the finial week for the trading and traders in the market are bullish on the late price, so it is not likely to sell at this moment. Chinatungsten Online forecasts tungsten price in China will keep firm before the holiday.

Prices of tungsten products on Feb. 05, 2018

Picture of blue tungsten oxide

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