Offers of Ammonium Metatungstate for the Second Half of May Declined

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remain stable on the wh0le as the market shows more positive factors. Sellers now are reluctant to sell their products at low prices while downstream buyers still keep low trading activity. The imbalanced relationship between supply and demand is continuing in the tungsten market. 

In the tungsten concentrate market, ten companies on behalf of the tungsten industry jointly reduced production, easing expected supply pressure caused by continued difficulty in sales. In addition, domestic environmental checks and expectations of stable supply and cost sides offer support for the market. But poor trading activity of downstream would still press market traders. 

Listed tungsten companies stabilized their new offers for tungsten products, which boosted smelting factories slightly. Considering the current difficulty in purchasing raw materials and increased consumption of downstream, most factories remain low operating rate and keep their offers around new guide prices. 

Ammonium metatungstate (APT) price was quoted by Xiamen Tungsten at $256/mtu, down $1.8/mtu compared with the first half of this month. The offer is higher than actual transaction prices in the market.

Affected by the stabilization in the raw material side, tungsten powder enterprises are not willing to sell products at low prices. Downstream tungsten alloy and product companies receive fewer new increased orders. The market now faces grave challenges from the supply and demand sides with wait-and-see sentiment.

Prices of tungsten products on May 23, 2019

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >