China Tungsten Price May Rise, Supported by High Raw Materials Prices

Analysis of latest tungsten market from China Tungsten Online

At the beginning of the week, China’s tungsten prices continued to hold a steady market, the industrial chain is still in a stalemate between the upstream and downstream. Due to the high price of raw materials in tungsten mines, some intermediate manufacturers just need to make up for it, followed by a small increase in the quotation. 

However, the weak terminal state did not improve substantially. The downstream alloy and product enterprises were subject to the order quantity and the operation was difficult. The procurement plan is cautiously slow. It is expected that the short-term tungsten market will continue to be in the state of sawing, and the price may be slightly increased by the support of raw materials, but the poor buying will limit the current round of gains and the difficulty of follow-up of downstream products.

According to the information, the purchase price of tungsten concentrate and APT long-form purchase price of a listed tungsten enterprise in Guangdong province in the first half of October 2018 was announced: over 55% of the black tungsten concentrate had a tax acceptance of 102,200 Yuan per ton, and the price rose by 0.22 million Yuan per ton in September. Over 55% of sulphur concentrates include tax acceptance of 101,200 Yuan per ton, up by 0.22 million Yuan per ton in September. Ammonium benzoate (APT) including tax acceptance of 163,500 Yuan per ton, up by 0.25% from September per Ton.

Prices of tungsten products on Oct. 16, 2018

tungsten prices picture

Picture of tungsten carbide powder

tungsten carbide powder picture

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