Chinese Tungsten Market Keeps Stable in May Amid Mixed Signals

Details: Category: Tungsten's News; Published on Tuesday, 02 June 2020 17:47; Hits: 780

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in the Chinese tungsten market continue to maintain stability under the pressure of continued spread coronavirus and geopolitics risks. Sellers are reluctant to sell on small profits, and with the recovery in domestic manufacturing industry and the decline in tungsten ore imports, some of them raise product offers.

China's Xianglu Tungsten released its offers for the second half of May: 55% wolframite concentrate was quoted at %11,955.90/t, up $485.30/t from the first half of this month; 55% scheelite concentrate was quoted at $11,808.80/t, up $485.30/t; APT was quoted at $207.50/mtu, up $8.10/mtu.

Tungsten concentrate manufacturers prefer to keep their products in stock when the price hovers around $12,307.70/t, but purchasers can not accept high-price resources. Smelting factories in the APT market increase their offers to $211/mtu with rare transactions concluded. As for the tungsten powder market, it still remains quiet.

Prices of tungsten products on May 28, 2020

ammonium metatungstate price image