Ammonium Paratungstate Price Flat in China Due to the End-of-year Trading Lull

Analysis of latest tungsten market from ChinaTungsten Online

A listing companies in Guangdong, China released its new offer levels: black tungsten concentrate (WO3≥55%) was quoted at $14,923.1/t, down $230.8/t compared with the second half of December; scheelite concentrate (WO3≥55%) was quoted at $14,769.2/t, down $230.8/t; ammonium paratungstate (APT) was quoted at $267.7/mtu; down $5.2/mtu. 

Profits of downstream factories were squeezed and they became cautious of receiving orders. Traders raised their willingness of sales under deadlocked supply and demand and funds pressure. Therefore, tungsten concentrate market has been continuing its weak trend. But considering the benefits from environmental checks, market prices will be adjusted limitedly. 

Capital shortage keeps pressing APT market and traders with low trading interests have strong willingness of cash out. In addition, the continued weakness in the demand side weakens market confidence. In the short term, APT market will bar hard to recover.

The tungsten powder market got weaker support from the cost side, plus with the end-of-year trading lull of terminal enterprises, prices are in the downward trend. Insiders have not high confidence in the market in early 2019. This week, the whole market trading will be thin.

Prices of tungsten products on Dec. 27, 2018

Picture of tungsten powder 

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