Scheelite Concentrate Price in Chinese Tungsten Market Is Unchanged

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, Chinese tungsten market keeps stable on the whole, but supply and demand still refuses to budge. The tax law of environmental protection that will soon be implemented increases manufacturers’ production costs, coupled with strong rised mentality of raw material side, short-term tungsten price will be stable with good momentum.

Quotations for tungsten products are unchanged. wolframite concentrate was quoted at $17,364-17,674/t; scheelite concentrate price was $17,054-17,364/t; APT was quoted at $301-305/mtu. At present, APT quotation in main European port stood at $300-305/mtu.

Affected by the cold weather, downstream smelting factories have not high enthusiasm in purchasing. But market stocks remains less owing to low operating rate of mines. Moreover, with the support of rigid demand and favorable news of supply and costs, raw material manufacturers are optimistic about the afternoon market.

Spot goods are tight in the APT market and most enterprises face challenging in replenishing stocks, squeezing production costs. APT smelting factories are reluctant to sell, rising their market quotation. Weak demand and thin market still the feature of APT market.

Tungsten powder enterprises gradually move up their product quotations. But fewer orders in the terminal market weaken smelting factories’ need for raw material. Tungsten powder price are not likely to rise and manufacturers will wait and see in the short term.

According to the understanding from Chinatungsten Online, most insiders expect that the expectation price for tungsten concentrate will mainly stand at $18,605/t. market price growing too fast or standing too high will greatly influence downstream market as well as the sustainability of rise.

Prices of tungsten products on Dec. 26, 2017

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