Tungsten Concentrate Price Stabilizes under the Thin Trading

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price continues its stabilization and supply and demand refuse to budge. As sellers are reluctant to sell, low-price resources reduce. At the same time, purchasers remain low buying interest, mainly on rigid demand. Under the thin market trading, tungsten market will not have great change.

In the tungsten concentrate market, raw material prices are difficult to rebound as orders from downstream factories are limited, despite there have some consumption in stocks. High-grade tungsten concentrate price of $17,741.9/t is hard to be concluded and under the quiet atmosphere, traders would mainly wait and see.

Boosted by tight spot resources, APT manufacturers keep firm offers. Downstream enterprises are more active in enquiry due to the tightening availability of low-price goods, but actual transactions are rare. In the short term, APT price will run steadily.

Terminal demand is unchanged with the last trading day and downstream alloy and product enterprises facing little pressure of reducing stocks are seeking for cheaper goods. Tungsten powder businesses are not willing to sell, so trading is not increase. The price will move according to market activities.

Prices of tungsten products on Apr. 25, 2018

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