Forecast Average Prices for APT Raised in Anticipation of Raw Material Squeeze

Analysis of latest tungsten market from Chinatungsten Online: The forecast average prices for the second half of May were released by large tungsten enterprises on Tuesday, which basically meets the expectations of businesses. The rise or decline is gentle for tungsten market, showing large enterprises’ conservative attitudes on market expectations.

The forecast average price for APT in May released by Xiamen Tungsten at $318.9/mtu, up 5.5/mtu compared with last time; Zhangyuan Tungsten also released its offers: wolframite concentrate was quoted at $17,903.3/t, down $241.9/t compared with the first half of May; scheelite concentrate was quoted at $17,661.3/t, down $241.9/t; APT was quoted at $322.6/mtu, up $7.3/mtu from the first half of May. 

At present, China’s environmental protection policy is the main factor influencing the trend of tungsten price. The demand in tungsten concentrate market is poor and is hard to be promoted even by price adjustment, but the good trading atmosphere in the downstream market offers certain support for the market. Therefore, most traders are reluctant to sell, maintaining weak but stable offers.

In China’s major tungsten production hub Ganzhou, most factories shut down and the time for resuming production is uncertain. The tight supply of APT raises market offers to some extent, but this new round of quotation from large enterprises is lower than that. Given that, downstream purchasers keep cautious, remaining low buying interest.

Prices of tungsten products on May 23, 2018

Picture of tungsten disulfide

Folow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >