The tungsten market is in good times

Tungsten export market participants stated that although foreign demand doesn’t increase significantly, the export price of tungsten products remains strong, because of the rising of Chinese domestic prices.

A major tungsten exporter is optimistic about the tungsten market, “Tender cases in European market are increasing. Foreign consumers turn to directly purchase from Chinese suppliers when failing to purchase sufficient goods in Rotterdam.”

The quotation of Chinese domestic APT reaches to between 197,000 and 198,000 yuan, meanwhile, most exporters raise the export quotation to between 400 to 405 dollars per ton. The tight supply of tungsten concentrates leads to their rising tendency. Consequently, the export price of APT will rise recently.

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