The Tungsten bar market is quiet this week, and many tungsten bar suppliers hold wait-and-see attitudes toward the market. Owing to the increasing tungsten concentrate and ammounious paratungstate (APT) prices, some tungsten bar suppliers intend to increase offers. However, under the current weak demand, the prices are hard to increase sharply.

According to higher tungsten concentrate price, many tungsten scraps recyclers lift offers. However, there are few purchasing activities in spot market, as consumers with few orders on hand rebuild stocks cautiously. 

The tungsten electrode suppliers remains quiet this week, and the trading volume does not see any obvious improvements. The tungsten concentrate and ammounium patatungstate (APT) prices move up slightly, but as consumers are cautious in adding stocks, the tungsten electrode suppliers hold offers stable tentatively and watch the market for a while. A producer based in Hebei, whose output is around 5 tons per month for tungsten electrode, noted that they quote prices for ground thorium tungsten electrode at RMB420-430/kg (USD66.7-68.3/kg) this week, unchanged compared with those of last week. He added that they still keep on production now, and have some stocks in hand. As the demand for tungsten electrode is unfavorable, tungsten electrode suppliers have mainly deal with old orders.

Tungsten concentrate prices goes higher but the demand remains dull. Only major buyers collect materials for pushing up prices, but downstream consumers refuse to accept the current price.