The general situation of tungsten concentrate prices can be concluded as chaos in China Mainland. High-priced tungsten concentrate suppliers try to reduce their price tentatively. However, the phenomenon of high-price but low-demand is hard to be better shortly.

As to ferrotungsten, transaction volume is short of support. Some traders’ lowest price of 80% ferrotungsten even could reach ￥185,000.00/mt. In scrap tungsten steel market, both demand and supply are weak. Therefore, more traders choose to wait-and-see. Chinatungsten Online forecasts that the mainstream of scrap tungsten steel price continues to keep steady.

The tungsten concentrate offers increased slightly further these days, but owing to the weak demand, the trading volume did not see obvious improvements. The customers are cautious in purchasing materials now.

Currently, the tungsten prices for wolframite 65% are around RMB118,000-120,000/t (USD288-293/mtu), and the prices for scheelite 65% are around RMB118,000-119,000/t (USD288-291/mtu). Moreover, the tungsten concentrate market sees some higher offers.

A producers based in Guangxi, whose output is around 30 tons per month, noted that they make offers for wolframite 65%min at RMB118,000-120,000/t (USD288-293/mtu) this week, but only few deals are concluded in the spot market.

The source noted that the tungsten concentrate price keeps stable because of soft supply. With approaching of the end of the year, many downstream factories plan to halt production and the demand for tungsten concentrate will keep decreasing. It is expected that the tungsten concentrate market will keep inactive in a short time.

An end-user based in Jiangxi stated that they receive offers for wolframite 60%min at around RMB118,000-120,000/t (USD288-294/mtu). He added that some offers are even higher in the spot market, but only a few deals are concluded in small quantities. As they still have some stocks in hand, they are unwilling to add tungsten concentrate in a short time.

The source said that they mainly produce the tungsten powder, and their offers for medium-sized tungsten carbide powder are at RMB280/kg (USD44.5/kg) now. However, under the current high tungsten concentrate offers, they have to increase offers, but the customers are inactive in purchasing materials. The source expressed that the basic demand is so weak, and he has no confidence towards future market. 

The tungsten concentrate and ammonium paratungstate(APT) prices moved up in the past several days, and the tungsten carbide powder suppliers intended to raise offers. However, as few consumers are active in purchasing materials, tungsten carbide powder market keeps quiet this week. Towards future market, most market participants hold wait-and-see attitudes. The tungsten carbide powder prices are stable tentatively this week.

An end-user for tungsten carbide powder in Shandong noted that they receive offers for medium-sized tungsten carbide powder at RMB280/kg (USD44.5/kg) now. He said that as they have some stocks in hand, they do not eager to buy the materials in a hurry.

The source told Asian Metal that owing to the increasing prices for tungsten concentrate and APT prices, the tungsten carbide powder suppliers plan to raise offers. But the customers are unwilling to accept such high level, and purchasers are reluctant to hold big volume stocks and make procurement from hand to mouth. Looking ahead, he thinks that the tungsten carbide powder market will continue to be quiet in a short time.

An end-user based in Jiangxi noted that the cemented carbide market runs slowly, and the demand for tungsten carbide powder decreases accordingly. They only purchase the materials from hand to mouth. He revealed that they receive offers for medium-sized tungsten carbide powder at around RMB275-280/kg (USD43.7-44.5/kg), and it has been stable for a week.

The source stated that Ganzhou Tungsten Industry Association announced the guiding price of medium-sized tungsten powder at RMB295/kg (USD46.9/kg) on last Wednesday, which increased by RMB25/kg (USD4.0/kg) compared to November. The source expressed that some major companies keep storing tungsten concentrate and intend to push up prices, but owing to the weak demand, it is unlikely for the tungsten carbide powder prices to move up sharply in a short time. 

It isn’t everyday that the word tungsten is used synonymously with gold. This week, a 1,000-gram ‘fake’ gold bar was found in the United Kingdom.Upon realizing discrepancies in the weight of the bar of gold, further tests revealed that the bar had been drilled out and filled with tungsten. In effect the bar was valued at much lower than what was initially thought, and had the trick gone unnoticed, the counterfeiter would have pocketed a substantial amount of profit. 

Chinatungsten Online is honored to be paid much attention recently, meanwhile we feel so sorry that some people are misunderstanding our company and our products.

As Mike Hewitt commented our company and questioned us on www.dollardaze.org, www.Howestreet.com, www.safehaven.com, www.24hgold.com/english/home.aspx, and www.numismaster.com, etc., we felt insulted and we have to make an announcement for this case. We hope these websites and many other websites that have the similar comments can link to this announcement to help restore Chinatungsten Online’s reputation.

In order to be known better, we would like to introduce our company:

Tungsten concentrate price still moves up from high level today. Currently, 65% tungsten concentrate price could reach ￥121,000.00/mt. However, some tungsten concentrate suppliers are not confidence with later tungsten concentrate market while traders try to suppress the price. Tungsten concentrate price in spot market focus on ￥115,000.00/mt. Generally speaking, price range of tungsten concentrate is relatively big but transaction volume is still weak.

Core tips: tungsten products prices move up constantly, downstream traders are confused how to make next move. The situation of ‘high price but low demand’ intensifies drastically in tungsten product market.

Tungsten miners in China hold confused attitude that only tungsten products prices go up, transaction volume cannot be pushed up relatively. Generally, it is hard to make a deal in tungsten ore market. As to relate tungsten products, demand of ammonium paratungstate (APT) is still very low. It is hard for suppliers to receive order from end user that many factory owners choose to stop producing. Ferrotungsten, which is affected by high purchasing cost, increase its price relatively. The transaction price of ferrotungsten reaches ￥181,000.00/t. Chinatungsten Online expected that general situation of tungsten products market is steady, some of them has slightly change, which is led by guiding tungsten product price. 

The mainstream scrap tungsten price maintains steady. The transaction price excluding tax of bit concentrates on ￥187.00-￥191.00/kg, domestic blade is ￥172.00-￥176.00/kg, imported blade is ￥182-186/kg; scrap pure tungsten block is ￥208.00-￥213.00/kg.

The price of the content of scrap tungsten grinding material which is more than 70W is ￥1330.00/mtu, 50W-70W is ￥1270.00/mtu, 30W-40W is ￥1110.00/mtu. The scrap tungsten prices above are steady. 10W-20W tungsten unit to ￥635.00/mtu while 8W-10W tungsten to ￥571.00/mtu.

Tungsten ore price goes up constantly under the strong willing to increase of providers. However, most tungsten ore providers cannot find properly consumers which means higher risk of tungsten ore price decreasing. Under the situation of weak demand and supply, it is difficult for scrap tungsten suppliers to break out current steadiness. Chinatungsten Online expects that scrap tungsten price will keep stable in short term.

In the international market, mainly oversea tungsten market price keeps stable as usual. By the night of 7th, the guiding price of MB ferrotungsten in warehouse Rotterdam maintains $42.75-43.50 per kilogram tungsten; the quotation of ammonium paratungstate keeps $304.00-330.00 metric tones unit.

Owing to the guiding prices, the APT suppliers hold offers firm and even raise APT prices slightly. But as the downstream customers are inactive in purchasing the materials, the APT market is still quiet this week.

One of APT suppliers based in Jiangxi, whose regular capacity is around 300 tons per months, noted that they are out of production now and they have no intention in resuming production in a short time owing to the unfavorable future market. The source revealed that the APT prices are around RMB176,000-178,000/t (USD316-319/mtu) now, and some offers are even higher. But only a few deals are concluded in small quantities.

The source told Chinatungsten Online that only some major buyers collect materials for pushing up prices, but downstream consumers refuse to accept the current price. Owing to the weak demand, it is unlikely for the APT prices to move up sharply in a short time. The source added that they will hold offers firm and watch the market for a while.

An end-user for APT in Fujian noted that they receive offers for APT at RMB176,000-178,000/t (USD316-319/mtu) this week, and some offers even move up to around RMB179,000-180,000/t (USD321-323/mtu). He added that they have some stocks in hand, and they have no intention in adding stocks in a hurry.

The source stated that the APT offers are chaotic in the spot market, and most of the APT suppliers hold offers firm and intend to increase prices. But as the demand from the domestic and overseas markets does not pick up, the APT prices are hard to increase to the guiding prices level. Furthermore, many downstream customers watch the market for a while, and the trading volume will keep small in the near future.

Today tungsten ore price in China increases again. The quotation of 65W tungsten concentrate based on Ganzhou, Hunan focus on ￥115,000.00-118,000.00 per metric ton based on Ganzhou, Hunan, individuals has moved up to over ￥120,000.00 per metric ton scheelite concentrate mainstream quotation concentrates on ￥112,000.00-115,000.00 per metric ton.

According to the observation of Chinatungsten Online, tungsten ore market still at a loss that purchasing price is high while shipment is low. Insiders from Chinatungsten Online notes, under impact of guiding tungsten ore price and trader’s willing, tungsten ore suppliers will insist to increase tungsten ore price drastically.