Tungsten Powder Price in China Is Likely to Rise This Week

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, trading in both raw material market and downstream market is thin and traders are mainly concentrating on new round of guide prices from large tungsten enterprises and institutions. Tungsten price is now stable on the whole.

Ganzhou Tungsten Association released the average tungsten prices for February: 65% wolframite concentrate price was $17,209/t, down $310/t month-on-month. APT was quoted at $299.6/mtu, down $3.5/mtu month-on-month. Medium particle tungsten powder price was $42.6/kg, unchanged from the previous month. The average prices are basically close to the market quotation.

tungsten carbide powder picture

In the tungsten concentrate market, affected by the environmental protection policy and mines cutting production for supporting high product prices, the relationship between supply and demand improves. In addition, with the approaching of the Chinese New Year, more mines and transportations stop works, which would make the supply of spot goods short, and thus sellers will get more support. 65% wolframite concentrate is now mainly quoted at $17,209/t.

Market participants in the APT market are bullish on the late price due to the tight supply. While the demand is still weak and the operation rate of downstream manufacture decreases, so APT price is hard to rise in the short term.

Although orders for tungsten powder from downstream manufacturers are fewer, the price remains at a high level. Meanwhile, the new guide price of tungsten powder is unchanged, supporting the mentality of businesses. Tungsten powder price is likely to rise slightly this week.

Prices of tungsten products on Feb. 06, 2018

tungsten carbide powder price picture

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