Tungsten Product Prices Polarized in Chinese Major Production Areas

Analysis of latest tungsten market from Chinatungsten Online: Last week, Chinese major production areas have polarized on mainstream tungsten product prices, mainly affected by smelting factories stopping or limiting production under the central environmental actions. As a result, APT market’s consumption for tungsten raw materials reduced and supply continued to be tight, and thus prices in different ends of industry chain showed different movements. 

In the tungsten concentrate market, prices climbed slightly in early May. At present, there still have profits for miners. With the decreasing demand from customers and increasing spot resources, sellers raised profit-taking mentality, but took fewer actions. At present, high grade tungsten concentrate price concentrates on $17,741.9/t.

The new round of environmental checks reduced market inventories and raised tensions of supply in the APT market. The time for restarting working of smelting factories remained uncertain, which made manufacturers reluctant to sell. Offers for new enquiry increased to $328/mtu. 

The tightening availability of tungsten raw materials and high production cost supported tungsten powder market. Although weak downstream demand offset predicament that APT production cannot be normally released, enterprises held cautious attitude on receiving orders. The recent offers edge higher to exceed $44.4/kg.

Prices of tungsten products on May 21, 2018

Picture of tungsten powder

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

• < Prev
• Next >