Quotation in Tungsten Raw Materials Fell in China

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten price in China was being adjusted to a certain extent last week. Oversupply showed in the raw material market as spot goods increased when more and more traders entered the market. Meanwhile, tungsten market was caught in wait-and-see atmosphere with fewer orders. These factors resulted market quotation of tungsten raw materials fell.

Tungsten market trading was sluggish. On the one hand, supply-side enterprises were reducing their stocks; on the other hand, terminal demand was thin and most processing enterprises had no high willingness in purchasing.

sodium tungstate picture

Tungsten market quotations remained unchanged. Wolframite concentrate was quoted at $17,054-17,209/t; scheelite concentrate was quoted at $16,744-16,899/t; APT was quoted at $299-303/mtu; medium particle tungsten carbide powder was quoted $41.6-42.3/mtu.

Tungsten ore price has been declined to $465-620/t, which is the price that traders can make the maximum profit, according to the statistics from Chinatungsten. Therefore, tungsten concentrates trade enterprises are waiting and seeing to find the best time of shipments.

Trading volumes were uncertain in the APT market, as smelting factories’ order prices mainly referred to tungsten sand price. In addition, most market participants turn negative on market outlook. So it is likely for smelting factories to speed up their paces in reducing stocks, even though it means to cut profits.

Taken together, more and more tungsten enterprises will gradually stop production or trading with the approaching of Chinese Spring Festival, and market price may be volatile. Chinatungsten forecasts that tungsten price in China will be weak with limited space of decline and tungsten enterprises need to be cautious when trading.

Prices of tungsten products on Jan. 15, 2018

tungsten products price picture

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