Ferro Tungsten Prices Stabilized in China Despite of Improving Demand

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices both maintained stability in the midweek in China due to improving demand and suppliers holding back from selling amid the tightening availability of raw materaials and positive process seen in Sino-US trade talks in the last weekend. 

Tungsten concenttrate prices still tended to stabilze despite of tight supply because most miners are yet to completely return to work after the post-Lunar New Year holiday lull and ban of explosive. Most enterprisese are optimistic about the cost and supply sides while large orders are rarely seen in the terminal demand. High offers of products are hardly concluded. 

Boosted by raised average tungsten forecast prices of large companies and tight supply of low-price raw materials, smelting factories have storng rised mentality. But considering limited demand, APT prices show no signs of rise, in line with the guide prices. It was reported that Xiamen Tungsten's offer for APT is $264/mtu, up $1.7/mtu. 

In the tungsten powder market, downstream alloy and product enterprises remain low willingness of stocking up, so the consumption for tungsten power is slow. With the suppport of good performance in the raw material market, traders would wait for the next move in the market.

Prices of tungsten products on Feb. 27, 2019

Picture of tungsten powder 

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