Tungsten Market in China Continues to Keep Stable in Late August

Analysis of latest tungsten market from Chinatungsten Online

The whole tungsten market in China continues to keep stable due to slow recovery in the demand side both at home and abroad. Now China’s tungsten associations and major domestic producers are gradually releasing their offers for the second half of August. 

China’s Xiamen Tungsten expects the price for ammonium paratungstate (APT) to average $209.4 per mtu, an increase of $0.8 per mtu from the first half of this month. 

In the tungsten concentrate market, the supply of spot resources is still tight. Firstly, seasonal factors have a certain impact on mine operations; secondly, environmental protection and other policy factors restrict enterprise production activities; thirdly, the market economy and demand are not booming and merchants are cautious about production and shipments. In addition, with the consumption of mining resources and the reduction of the grade of raw materials, the mining costs of manufacturers are also increasing. Recently, the tungsten concentrate market has basically maintained a wait-and-see atmosphere.

Prices of tungsten products on August 20, 2020

Picture of tungsten trioxide 

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