Active Tungsten Market Situation after May Day

The tungsten market is active after May 1^st, and APT price keeps rising, maintaining at between 125000 and 127000 yuan per ton, among which some higher transaction price reached between 128000 and 130000 yuan per ton.

In tungsten concentrate market, sellers are still reluctant to sell out, even at 80000 yuan per ton.

The new order for tungsten carbide powder is transacted at between 203 and 205 yuan per kg, and the quotation reached 210 yuan per kg directly because of raw material shortage, consequently, there are few new concluded orders.

Foreign clients have placed comparatively many orders before tungsten price went up, so the export volume to Japan began to decline. There is no obvious improvement of downstream hard metal and tungsten material demand, while upstream market raw material supply is seriously tight, mainly because mineral holders are reluctant to sell when powder and APT enterprises are badly in need of purchase.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

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