China Tungsten Concentrate Price Stabilizes on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium paratungstate (APT) prices in China are expected to stabilize because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.

Tungsten miners are reluctant to sell at current prices because they are already below their costs of production and participants therefore expect the concentrates price to remain within the current range in a slow market.

Large-scale tungsten companies usually prioritize the supply of raw materials (concentrates) to their own subsidiary refineries, leaving limited volumes available for the wider market. Meanwhile, small- and medium-sized miners are choosing to sit on the sidelines and wait for the price to improve before supplying the market.

APT exporters experienced a slow market, while unrecovered downstream manufacturing, such as the automobile industry, in China also dragged the domestic tungsten market price down. Most sources reported a muted export market because of customers delaying signing their purchasing contracts and choosing to stand on market side lines.

Prices of tungsten products on July 2, 2020

Picture of tungsten trioxide 

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