Tungsten Products Price Remains Weak Adjustment

Analysis of latest tungsten market in China from Chinatungsten Online: This week, mainstream tungsten products price still remains weak adjustment. The market becomes more cautious due to the shortage in raw material supply, the quotation from large enterprises and institutions is close to the market and sellers are optimistic about the afternoon market, but trading volumes are less, just as before.

In tungsten concentrate market, the buyers’ market has great pressure for the raw materials price, but mines expect that tungsten concentrate price has little room to decline in the future. Therefore, sellers are reluctant to sell and spot goods circulate slowly in the market. At present, quotation for 65% wolframite concentrate maintains in $15,814 per tonne to $16,124 per tonne.

Upstream raw materials are tight, enquiry from downstream manufacturers is less, and thus the stalemate in the APT market is difficult to be broken in the short term. APT quotation stabilizes, which ranges from $273 per mtu to $277 per mtu.

The quotation in the tungsten powder market is in the chaos as the mentality is different among smelting enterprises. Some of them think that tungsten products price will rise while others want to reduce price for more shipments due to the rare orders in the alloy market.

Comprehensive analysis: The current market lacks of market confidence, some of traders would rather purchase at high price than when the price declines. Under the unclear market tendency and downward trend of the current price, large orders are rare. Meanwhile, there have no substantive maintenance of market behavior from mainstream large tungsten enterprises. As the funds are rarely flowing into the market, tungsten products price is hard to pick up.

Price of tungsten products on Oct. 27, 2017

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