Quotation in Tungsten Concentrate Market Is Firm

Analysis of latest tungsten market in China from Chinatungsten Online: Affected by the environmental protection policy, raw materials are in short supply and production costs are rising, and then tungsten manufacturers wait the time for rising product prices. But with the limitation of purchasing capacity in the downstream market, the market has very little enthusiasm in buying and selling goods.

Quotation for tungsten products continues to increase. Wolframite concentrate quotes between $16,434 per tonne and $16,744 per tonne, seeing average price rise $155 per tonne; scheelite concentrate quotes between $16,124 per tonne and $16,434 per tonne, seeing average price rise $155 per tonne; APT quotes between $286 per mtu and $289 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.

tungsten powder picture

Buyers in the tungsten concentrate market keep firm quotation due to the low productivity of mines. Some traders raise their enthusiasm of buying and suggest higher product prices. The current quotation for 65% wolframite concentrate is above $16,279 per tonne. But the actual transaction in the market has not yet improved. 

In the APT market, spot resources of raw materials are difficult to get, with upward price trend, the higher costs squeeze profits of factories and downstream buying remains rational. The production of APT smelters is mainly concentrated on long-term orders and manufacturers increase product prices to avoid risks. Quotation of APT touches $289 per mtu.

High raw material costs pull up tungsten powder price while manufacturers have no intend to sell products at low prices. With the continuous financial strain, enterprises worry sales after rising product prices, thus tungsten powder price will stabilize.

Comprehensive analysis: it will benefit the tungsten industry if the price continues its upward trend, especially for tungsten mines. Meanwhile, rise in price squeezing certain trade finance is normal for the market. Market participants shall be rational when it comes to the rise and measures can be selected to prevent the occurrence of risks. Chinatungsten Online forecasts that tungsten price will continue to rise in the short term and supply in the raw materials side will be tight.

Price of tungsten products on Nov. 16, 2017

tungsten products price picture

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