Tungsten Concentrate Price Is in a Weak Trend of Adjustment

Analysis of latest tungsten market from Chinatungsten Online: Price tendency in upstream and downstream industry chain shows great difference owing to the environmental protection inspections in China amid tungsten concentrate price declines while APT climbs. Traders remain low buying interest and most insiders wait and see the latest market movements. Offers in the market will be changed slightly.

The uncertain time for downstream smelting factories to resume production greatly influences the sale of tungsten ores and then market trading is limited. As a result, tungsten concentrate price now is in a weak market trend of adjustment. Considering production costs and risk awareness for afternoon market, traders do not cut their profits for more shipments.

The environmental protection situation is still severe in China. Operating rate of smelting factories continues in a low level, especially in major tungsten production areas Jiangxi and Hunan. In these regions, many factories stop production to undergo repair and spot goods in the market are rare, supporting the rise in APT price. But the bad trading atmosphere is hard to be improved, which limits market price. In the short term, APT price is hard to breakthrough $328 per tonne.

Tungsten powder enterprises are difficult to purchase raw materials and also are reluctant to sell currently. In addition, new orders in the terminal market have not increased, posing a big pressure on the selling of tungsten powder. The market maintaining rigid demand will follow up tungsten concentrate market slowly.

Prices of tungsten products on May 25, 2018

Picture of tungsten powder

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