Tungsten Raw Material Enterprises Are Reluctant to Sell on Tight Supply

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, tungsten raw material enterprises are waiting for higher market prices, price in China maintains stability, and some quotations edger higher. Downstream manufacturers still have not high enthusiasm in purchasing, some of them stocking up on rigid demand. The whole tungsten market is continuing the weak demand and tight supply.

Affected by low operating rate of tungsten mines, cold weather and the holiday affecting the transportations greatly, the supply of tungsten ore is generally tight, supporting raw material price. While downstream demand has not yet recovered, buyers remain cautious, and the rare low-price raw materials, market trading is thin. The recent tungsten concentrate price hovers around $17,054/t.

The short raw materials limit APT manufacturers’ production. At the same time, with the influence of stopping work to undergo repair at the year-end and the environmental protection, the short APT has been enhanced. Mainstream smelting factories insist to keep firm quotation and are reluctant to sell. At present, it is hard for downstream enterprises to get products when price is lower than $297.8/mtu.

Most downstream enterprises start to return of funds and close accounts, with fewer plans to fro stocking up raw materials. So tungsten powder manufacturers are difficult to purchase APT, with thin market trading. Tungsten powder price is stable for now.

Prices of tungsten products on Jan. 30, 2018

Picture of tungsten carbide powder

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