APT Price Is Strong on Environmental Checks Lowering Operating Rate of Smelting Factories

Analysis of latest tungsten market from ChinaTungsten Online: Affected by the environmental checks resulting in instability of industry chain, the operating rate of APT smelting factories lowers further, which influences the consumption of tungsten ores and supply for downstream market directly. 

Opening this week, Chinese tungsten prices show different moves. Tungsten concentrate price comes back to $17,741.9/t as the market faces great pressure of selling, but traders do not intend to cast in inventory goods. APT price continues to keep firm with fewer new orders. Though tungsten powder market is pressed by terminal product demand, its price climbs following the market.

According to the survey from ChinaTungsten online in China’s major tungsten production area hub Ganzhou last week, local APT smelting factories are basically shut down and under the stricter environmental protection policy, the time for restarting work remains uncertain. Offers of most manufacturers exceed $328/mtu and show signs of rise. 

In addition, Sino-us trade war reducing the export of America has been proved little influences on the market, plus with good expectation for macro economy and cost support, prices of tungsten powder, tungsten oxide and others are expected to be in the upward trend.

Note that the demand for terminal products is still weak and downstream purchasers delay their plans of stocking up. So deadlocked supply and demand, thin trading volumes and uncertain time for production resumed are the main risks for tungsten market. 

Prices of tungsten products on May 22, 2018

Picture of tungsten powder

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