The Tightening Availability of Spot Goods Pushes APT Price Higher

Analysis of latest tungsten market from Chinatungsten Online：Buyers and sellers are in a stalemate as tungsten market in China is tight in supply and weak in demand. At present, insiders mainly focus on the recovery of smelting factories in major tungsten production areas and the guide prices for the second half of June from large tungsten enterprises. 

In the tungsten concentrate market, the operating rate of mines and smelting factories maintains at a relatively low level due to the environmental checks. Transactions for spot goods are fewer while sellers are not willing to lower product prices. Sellers now hold good expectations for replenishment needs after the recovery of factories. 

The tightening availability of APT is continuing, pushing product prices higher. But APT price is hard to rise in the short term as the whole demand is weak. Tungsten powder price keeps firm on high production costs. Considering facing high risks of price decline, manufacturers remain cautious attitude on receiving orders.

Prices of tungsten products on Jun. 21, 2018

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