China’s Zhangyuan Tungsten Declined Its New Offer Levels for April

Details: Category: Tungsten's News; Published on Monday, 08 April 2019 17:04

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the week ended at Friday April 4 as tungsten institutions and listed companies lowered the new round of guide prices and buyers remained low buying appetite.

China’s Ganzhou tungsten Association released the average tungsten forecast prices for April: wolframite concentrate was $14,765.6/t, down $312.5/t compared with March; ammonium paratungstate (APT) was $259.5/mtu; down $7.1/mtu from last month; medium particle tungsten power was $35.9/kg, down $0.8/kg.

Zhangyuan Tungsten also released its new offer levels for the first half of April: wolframite concentrate (WO3≥65%) was quoted at $14,765.6/t, down $390.6/t from the second half of March; scheelite concentrate (WO3≥65%) was quoted at $14,531.3/t, down $390.6/t; APT was quoted at $259.5/mtu, down $6.2/mtu.

In the tungsten concentrate market, the production in mines increased in March, plus with low trading activity of downstream factories, market supply began to grow. Sellers’ rised mentality was weakened and tungsten concentrate prices dropped to below $14,843.8/t.

Due to lowered production costs, weak demand, reduction in value-added tax and the decline in new guide pries, APT market was weak with rare transactions concluded. Affected by the performance in the raw material side, tungsten powder market was under pressure.

Prices of tungsten products on Apr. 8, 2019

APT price image