Thin Market Trading Limits the Rise in Tungsten Powder Price

Analysis of latest tungsten market from Chinatungsten Online: After the release of new guide prices from large tungsten enterprises and associations, most market participants in China become more optimistic about the outlook and thus tungsten price shows signs of rise, increasing high-price transactions. Terminal market remains low trading activity, which limits the rise of market price.

Sellers with strengthened confidence are reluctant to sell at present, as large tungsten enterprises shows good signs in their offers. Spot goods in the tungsten concentrate market now are short. At the same time, downstream market has not plenty of plans in stocking up, mainly on rigid demand. 65% wolframite concentrate was quoted by Jiangxi Tungsten at $18,467.7/t.

In the APT market, most manufacturers think the tightening availability of spot goods and the environmental protection policy would offer support to the market, so their offers for APT have exceeded $318.9/mtu. But terminal customers cannot accept the high price, and thus trading volumes are thin. The first guide price for May from Xiamen Tungsten was $313.5/mtu, up $5.5/mtu compared with last time.

Transactions for spot goods are hard to be concluded in tungsten powder market. Some tungsten powder enterprises expressed that the inactive enquiry from downstream market makes manufacturers more cautious on inquiry. And boosted by the good performance in raw material side, sellers are not willing to sell at low prices. Therefore, the thin market trading further limits the upward trend of tungsten powder price.

Prices of tungsten products on May 8, 2018

Picture of tungsten trioxide

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