China’s Tungsten Market Is Caught in Wait-and-see Atmosphere

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten market performs poorly on the whole even in the Golden March and Silver April. Smelting factories restarting working dilutes the good trading atmosphere in the raw material side, coupled with market demand fails to meet expectations, tungsten price is basically in the downward trend this month.

In the second half of April, boosted by release risk and environmental protection policy, tungsten enterprises show willingness in raise product prices. But pressed by weak demand, the rise in price is limited. With the approaching of holiday of Labors Day, tungsten market mainly waits and sees.

Traders now have different opinions on tungsten concentrate market. Some though that tungsten concentrate price is expected to rise with the support of environmental protection, rigid demand and production cost. While others believed the price still has room to decline, considering the release of production capacity in mines and cautious attitude towards purchasing of downstream market. 

Considering the tight spot goods and manufacturers’ little pressure of shipments, APT market price is expected to rise. Mainstream quotation stands at $297.8/mtu at present. Downstream customers gradually enter the market, but transactions are rarely to be concluded. 

As for tungsten powder market, terminal factories remain low buying interest while manufacturers quote conservatively without little change. Insiders in the market mainly focus on the relationship between supply and demand and quotations from large tungsten enterprises.

Prices of tungsten products on Apr. 26, 2018

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