China Tungsten Price Will Remain Weak, Restricted to Negative Factors

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten market has been remaining weak since February as terminal demand increases very slowly. And restricted to negative factors, tungsten market will continue the current trend in the short term.

Trading in batch quantity in the tungsten concentrate market is rare and market pressed by downstream purchasers maintains at a relatively low level. 65% wolframite concentrate was quoted at $17,054-17,364/t and 65% scheelite concentrate was quoted at $16,899-17,028/t.

APT spot price mainly stabilizes in $297.8-301.3/mtu in the market. Though supply of tungsten raw materials is abundant, smelting factories maintain cautious attitude towards trading, mainly purchasing on what they need. Besides, buying prices and selling prices for tungsten concentrate show differences.

 Quotation from mainstream tungsten powder enterprises is stable, but trading has no signs of improvement. Small-and-medium tungsten powder enterprises sell their products at low prices, resulting confused transaction prices. Tungsten powder price was quoted at $42.5-42.9/kg and tungsten carbide powder was quoted at $42.2-42.6/kg.

Prices of tungsten products on Mar. 30, 2018

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