Tungsten Raw Material Prices Rise, Boosted by Higher Product Offers

Analysis of latest tungsten market from Chinatungsten Online: With the rise of tungsten raw material prices earlier this week, transaction prices in China’s market also edge higher, but actual trading volumes still in a relatively low level. This round of rise is boosted by the higher product offers from Ganzhou Tungsten Association and large tungsten enterprises. As a result, the market now has prices but no sales, with higher risks.

Low-price products are tight while high-price resources are hardly to be concluded in the tungsten concentrate market. The operating rate of mines remains normal, but positive attitude of tungsten institutions and large enterprises raises sellers’ rised mentality. Without the support of orders, downstream purchasers maintain low buying interest.

APT price is strong, but with slower growth. On the one hand, the firm offers of tungsten raw materials increases enterprises’ production cost; on the other hand, tightening availability of spot goods makes manufacturers face little pressure of stocks, helping the rise of APT price. At present, most manufacturers have good mentality.

Tungsten powder manufacturers are not willing to sell products at low prices due to high procurement cost of raw materials. At the same time, downstream alloy and product enterprises mainly consume their inventories to reduce purchases. So the sale and purchase in the whole tungsten powder market is not active. In the short term, tungsten powder price will stabilize without market trend guideline.

Prices of tungsten products on May 9, 2018

Picture of ammonium paratungstate

Folow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >