December Guidance Prices Boosted Tungsten Market Confidence

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, domestic tungsten market continues to be caught in heavy wait-and-see atmosphere, with little on the news or data fronts. But with the release of the new round of guidance prices from large tungsten enterprises, insiders increase the bullish expectations. Tungsten price showed signs of slight increase yesterday.

The guidance prices for December from Ganzhou Tungsten Association: 65% wolframite concentrate was $16,744/t, up $1,085/t month-to-month; APT was $291/mtu, up $17.5/mtu month-to-month; medium particle tungsten powder was $40.8/kg, up $1.7/kg month-to-month. The first guidance prices for APT in the December from Xiamen Tungsten 

The guidance prices are gradually increasing and closer to the market price, boosting market mentality. While institutions and large enterprises are still cautious on the rebound of tungsten prices, after all the situation of downstream demand cannot be optimistic. Besides, with the rise of tungsten price, market risks are increasing. Under the weakness in both demand and supply, domestic tungsten market is expected to maintain stability in the short term.

Price of tungsten products on Dec. 05, 2017

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