Puzzlement of Increasing Tungsten Concentrate Prices

Generally, if the products prices keep increasing, it is a good news for most of the market participants. But the market does not move up with the increasing prices at this time.

China tungsten concentrate prices continued to go up into Q2, but most of the market participants were puzzled. China tungsten concentrate prices moved up continuously from the second  half  of

March as some companies pushed up the prices further. But the demand from the downstream markets did not recover, and the market was quiet. Actually, Certain company has purchased tungsten concentrate prices at the end of last year.

Certain company‘s offers for wolframite 65% were at RMB135,000/t (USD339/mtu) in December 2012, while the spot prices were only at RMB116,000-119,000/t (USD291-299/mtu). However, owing to many kinds of the reasons, the tungsten concentrate prices did not be pushed up in 2012.

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