China Tungsten Concentrate Market Stabilizes with Rare Deals Concluded

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain stable as both buyers and sellers are unclear for the outlook and market trading continues to be thin. But supported by high costs of tungsten ores, market participant mainly take a watchful stance with different psychological prices for products.

In the tungsten concentrate market, the mine released a signal of tight production capacity, giving confidence for sellers who are facing weak pressure. Therefore, they are reluctant to sell by cutting product profits, although the sale is difficult. At the same time, downstream factories have limited acceptance of high-price raw materials. The overall trading maintains at a relatively low levels.

The tightening availability of low-price raw materials supports product offers in the ammonium metatungstate (APT) market. But under deadlocked supply and demand, trading volumes are hard to increase, which makes smelting factories negative. This week, APT price would stabilize, waiting for new guide prices from listed companies.

The terminal side is forcing prices down, further weakening traders’ confidence. Some sellers cut their product profits for more orders in some regions, but most of them are reluctant to do it. The space for negotiating prices now is narrow. In the short term, tungsten powder price is expected to maintain stability.

Prices of tungsten products on Apr. 18, 2019

Picture of tungsten powder 

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