Xiamen Tungsten Released Its Offer for APT in December

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten released its offer for ammonium metatungstate (APT) at $23,538.5/t in the second half of December, down by $461.5/t from the second half of November. The decline presses on the current stabilization of raw material market. Mainstream tungsten product prices continue to be in the downward trend. 

On the one hand, businesses are reluctant to sell at low prices with the support of environmental protection and smelting costs, and the government control in mines tends to be stricter. Therefore, although dealers have the wiliness in sales, the price decline is limited. 

On the other hand, the weakness in terminal demand is hard to be improved, plus with capital shortage at the end of this year, purchasers are not active in trading and try to force prices down. In addition, the continued weak guide prices from institutions and large enterprises also weaken market confidence. Traders raise their profit-taking willingness.

On the whole, China tungsten market is under pressure on the deadlocked supply and demand. The current market offers are generally in the low levels and transactions are not increased. Market participants keep waiting for new tungsten average prices from listing enterprises in Jiangxi province.

Prices of tungsten products on Dec. 19, 2018

Picture of tungsten carbide powder 

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