Tungsten Raw Material Market Shows Good Momentum with Rised Mentality

Details: Category: Tungsten's News; Published on Thursday, 01 March 2018 11:49; Written by Shuxia; Hits: 568

Analysis of latest tungsten market from Chinatungsten Online: China’s tungsten market was stable with good momentum at the last trading day of February, with fewer transactions concluded. The new guide prices for the March will soon be released, so market participants with good mentality mainly wait and see.

The quotation for tungsten products remained stable. wolframite concentrate was quoted at $17,364-17,519/t, up $155/t month-to-month; scheelite concentrate was quoted at $17,054-17,209/t, up $155/t; APT was quoted at $303-307/mtu, up 1.75/mtu; medium particle tungsten carbide powder was quoted at $41.6-42.3/kg.

In the spot market, market trading remained thin and traders in the tungsten raw material market were reluctant to sell. The regular tungsten concentrate price was over 17,054/t on the whole. APT supply was tight and the quotation mainly stood at $306.6/mtu, according to tungsten powder processing enterprises.

Taken together, tungsten market trading is expected to become normal after Lantern Festival. As Chinese Spring Festival, cold and rainy and snowy weather have limited the production for a long time, market participants have good expectations for the market outlook.

Prices of tungsten products on Mar. 01, 2018

APT price picture