Tungsten Market in China Is Quiet after Chinese New Year

Analysis of latest tungsten market in China from Chinatungsten Online: Chinese tungsten manufacturers gradually resumed production from last Wednesday, but most of enterprises would come back to work from this week, so the whole market in last week was quiet. New supply of tungsten ore is tight as the operating rate of mines remains at low level. Traders expressed that miners are cautious about the sales and quotation, with fewer transactions concluded.

Tungsten concentrate, ferrotungsten, APT, tungsten powder manufacturers have not yet released the information of quotation, while purchasers tries to enter the market to inquiry. Under the thin market, the trend lacks of guidance. 65% wolframite concentrate was quoted at $17,054-17,364/t; APT was quoted at $301.3-304.8/mtu; tungsten powder was quoted at $42.2-42.7/kg; tungsten carbide powder was quoted at $41.8-42.3/kg.

From this week, quotations in the market will increase, rigid demand may help conclude a small amount of deals, but the market price will not rise sharply. Now most insiders would be optimistic about the late market and the market trend will be clear on March. According to experience, tungsten price is likely rise slightly.

Prices of tungsten products on Feb. 26, 2018

Picture of phosphotungstic acid

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