China’s Xiamen Tungsten Lowered Tungsten Forecast Prices for September

Analysis of latest tungsten market from ChinaTungsten Online

Xiamen Tungsten’s tungsten forecast prices for ammonium metatungstate (APT) was $274.70 per mtu, down $5.2 per mtu compared with August. The decline further weakened market confidence and businesses were more cautious on adjusting offer levels. 

In the tungsten concentrate market, the first round of environmental checks in June limited smelting factories’ production requirements, resulting in oversupply of spot goods. Manufacturers have to lower product prices to move materials. And now the supply becomes tight again and sellers appear unwilling to sell at low prices. Short-term tungsten concentrate prices will remain weak adjustment. 

APT and tungsten powder markets are caught in heavy wait-and-see atmosphere after the release of lowered guide prices in September. Insiders raise risk aversion and remain low buying interests new increased orders are rare. Prices of APT and tungsten powder continue the downstream trend.

Prices of tungsten products on Sep. 05, 2018

Picture of tungsten powder

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