Chinese Tungsten Price Is Stable While Raw Material Supply Remains Tight

Analysis of latest tungsten market in China from Chinatungsten Online: This week, Chinese tungsten price is stable with good momentum. As more and more mines stop work to undergo repair, some downstream businesses that are optimistic about the late market have demand for stocking up. Tungsten raw material supply remains tight, supporting the good mentality of sellers.

  In the tungsten concentrate market, due to the rainy and snowy and the coming of the holiday, main producing areas maintain low operating rate. As a result, spot goods in the market are short and sellers are more reluctant to sell. While downstream smelting factories are cautious in purchasing raw materials, the current demand cannot support the rise of tungsten concentrate price. Market trading is in a stalemate.

Before the Chinese Spring Festival, new increased orders in smelting factories reduce and manufacturers intend to raise product quotations and thus are not willing to sell. It is reported that the APT was quoted at $306.6/mtu in some areas, but the corresponding trading is thin. The enquiry prices from downstream customers are mainly concentrated on $301.3/mtu. APT market now has price but not sales with less trading.

Under the reduced raw materials, traders are not willing to cut their tungsten powder stocks. In addition, orders in downstream cemented carbide and manufacturing enterprises are fewer owing to the weak terminal demand, so the trading in the tungsten powder market is quiet. In the short term, tungsten powder price is expected to maintain stability.

Prices of tungsten products on Feb. 02, 2018

Picture of tungsten powder

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