Tungsten Price May Rise on Tight Supply of Raw Materials

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market starts to become active, supported by tight supply of raw materials. The rise of raw materials prices revives market enquiry and traders readjusts their mentality. But downstream customers have not yet accepted the current price, market trading still is poor. The stalemate in buyers and sellers is continuing.

Quotation for tungsten products continues to increase. Wolframite concentrate quotes between $16,279 per tonne and $16,589 per tonne, seeing average price rise $155 per tonne; scheelite concentrate quotes between $15,968 per tonne and $16,279 per tonne, seeing average price rise $155 per tonne; APT quotes between $283 per mtu and $287 per mtu, up $1.8 per mtu; medium particle tungsten carbide quotes between $39 per kilogram and $40 per kilogram, up $0.3 per kilogram.

Affected by the environmental protection policy and market sentiment, the shortage of raw materials happens once again in the tungsten concentrate market. As miners are optimistic about the market, they start to reduce shipments. Though enquiry in downstream market becomes more active, poor trading cannot be ignored. Quotation from sellers stabilizes with upward trend.

In APT market, with the support of costs and goods news from the raw material side, APT smelting factories are willing to rise their product prices. Market mentality is changed and APT quotation comes back to $280 per mtu. Considering sluggish production orders, APT price will rise moderate.

Tungsten powder market is quiet. The raw material side is reluctant to sell while the need of customers is not too high. Tungsten powder manufacturers are eager to rise product prices, unfortunately, without support of large amount of orders. The mentality in the market mainly waits and sees.

Comprehensive analysis: short-term tungsten price is expected to rise. Although enterprises have doubts about the rally, it now appears that price rise is taking the initiative, especially more and more tight supply of raw materials. Tungsten enterprises need to consider the risks before taking actions.

Price of tungsten products on Nov. 15, 2017

Folow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >