Sodium Tungstate Market Showed Good Momentum in China

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten concentrate market features tight supply and high price in China now and downstream manufacturers with low rate of production keep rising product prices. In last week, 65% wolframite concentrate was quoted at $17,209-17,519/t, up $465/t; APT was quoted at $299.6-304.8/mtu, up $5/mtu. 

Sodium tungstate market followed up the raw material market slowly amid the price was $18,449.6-18,759.7/t, up $465/t. Tungsten powder manufacturers started to rise their quotation to narrow the gap with actual market price. As of last Friday, mainstream market price was $41.4-42.1/kg, up $0.47/kg weekly. Growth of raw material supply in domestic tungsten market will slow down, sellers remain low willingness in selling and downstream customers would be hard to get products at low price.

With the continuous good news of policy, tungsten price is likely to rise slightly. But considering low enthusiasm for trading of the whole market and the limited space of rising, insiders are optimistic about the market in 2018. The New Year’s Day is approaching and downstream tungsten product prices still have chance to rise.

Prices of tungsten products on Dec. 25, 2017

Picture of ammonium metatungstate

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