Tungsten market in China maintained stability last week. The supply of tungsten concentrate was tight and manufacturers insisted on a conservative selling way. AS the high cost and insufficient demand in APT and tungsten powder market were conflicting, the markets were cautious when operate. Due to the existence of spread between psychological prices of buyers and sellers, the two sides were at a stalemate and quotations’ go up drop were limited too.

 

The stalemate game between supply and demand in tungsten market is continuing at present. Although the rainstorm disaster has subsided, mine operating rate is still relatively low under the influence of off-season, high temperature and environmental inspection. Xiamen Tungsten Corporation signed third APT long-term negotiated price in this month, and the price is RMB 126,000/ton, increasing RMB 1,000/ton compared with that of last week. The increasing price supports the optimistic view of prices in the market.

 

Considering that the great heat is approaching, downstream smelting factories’ order is small, the operating rate is low, and the demand is less. Enquiries of purchasing in tungsten market are less, tungsten prices are expected to rise slowly.

 

The latest Prices of tungsten products