Tungsten Concentrate Price Was Unchanged Amid Continued Tightness

Details: Category: Tungsten's News; Published on Monday, 18 March 2019 17:49; Hits: 447

Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate and ammonium paratungstate (APT) prices in China remained unchanged last week despite of consumer restocking and continued tightness in concentrates in China while prompt availability for material in Europe has tightened.

In the tungsten concentrate market, miners remain low operating rate while downstream is not active in purchasing. Low-price resources are tight, but high-price goods also face difficulty of sales. The uncertainty of the market is mine production after Chinese Two Sessions. Tungsten concentrate prices now stand at $15,076.9/t.

Smelting factories are in a dilemma on tight supply of raw materials but weak demand. So APT market is caught in wait-and-see atmosphere with rare transactions concluded. With the consumption of raw material inventories, APT supply would tend to be tight and manufacturers may stabilize their offer levels.

Tungsten powder manufacturers have pressure in sales and are cautious to purchasing raw materials. As a result, the whole market trading is not increased and insiders tend to take a watchful stance. Tungsten powder price now hovers around $36.2/kg.

Prices of tungsten products on Mar. 18, 2019

APT price picture