Mainstream Tungsten Product Prices Maintain a Moderate Rise

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market continues to make a turnaround. Environmental protection policy reducing production and raw material production industry keeping firm quotation drives mainstream tungsten product prices to maintain a moderate rise. The whole tungsten industry returns to a rational trend. 

The environmental protection policy becomes stricter and many manufacturers stop or reduce productions in the tungsten concentrate market. Market stocks maintain in the low level. As a result, sellers are reluctant to sell, waiting for higher product prices. Some traders said that it is hard to buy tungsten concentrates at $16,744/t.

As raw materials are rare and demand in the downstream market remains weak, selling prices of APT are dropping away from the state purchasing prices. Moreover, APT manufacturers face great cost pressure and more smelting factories start to stop production. Tight supply may continue in the APT market. 

Market confidence in the tungsten powder market is boosted by the rise of guidance prices from large enterprises. So enquiry and transactions become active. High-grade tungsten powder price is gradually close to $41/kg, though transactions at high price are less. The quotation from tungsten powder enterprises mainly stabilizes. 

Taken together, the quotation in the raw material market mainly keeps firm while the goods having prices but no sales is evident due to the weak demand in downstream market. The short-term tungsten price will stabilize, but needs more real good news if price rises.

Comprehensive analysis: raw materials market starts to have prices but no sales. Spot goods are not available in the short term. While in the downstream processing terminals, starting from tungsten carbide to cemented carbide, the status of product prices remain tepid, tight supply of raw material still not inspires purchase sentiment of downstream market. Chinatungsten Online forecasts that tungsten price will rise slightly.

Prices of tungsten products on Dec. 08, 2017

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