Xiamen Tungsten’s Second Forecast Prices for APT Stabilized

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices maintain stability earlier in this week as market demand has not improved in the second half of Golden September. Insiders now focus on attitudes of tungsten ore sellers and new guide prices.

In the tungsten concentrate market, tungsten ore prices volatile, influenced by Chinese environmental protection policy. Low operating rate of downstream factories and continuous weak demand keep market price in a downward trend. With the consumption of low-price resources, production costs give more supports for the market. 

Low buying interests of purchasers reduce new increased orders in the APT market. Manufacturers are not will to raise offer levels as tungsten ore sellers are reluctant to sell and large tungsten enterprises tend to stabilize product prices. APT prices will continue the current trend in the short term. 

Xiamen Tungsten released its second forecast prices for APT at $274.7/mtu, unchanged from last time.

Prices of tungsten products on Sep. 19, 2018

Picture of tungsten carbide powder

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