China’s Tungsten Concentrate Price Remains Stable in an Illiquid Spot Market

Details: Category: Tungsten's News; Published on Tuesday, 30 June 2020 18:19; Hits: 1024

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten concentrate and ammonium paratungstate (APT) prices remain largely stable in an illiquid spot market, while the export price declined on lower price levels amid persistently slow overseas demand.

The tungsten concentrate price remains firm amid the limited spot supply available to the market. Mining producers are reluctant to sell given that current market prices are below their production costs while downstream APT plants remain cautious about purchasing raw materials and only procure for rigid demand. The tungsten powder market is in a stalemate with low trading activity.

As for the overseas market, weak end-user demand pushed the ammonium paratungstate price in Europe and the United States down by 4.5% in the week to Friday June 19. The market is now trading at its lowest level.

Prices of tungsten products on Jun. 30, 2020

tungsten concentrate price image