China Tungsten Price Stabilized, But Showed Signs of Rise

Analysis of latest tungsten market from ChinaTungsten Online

This week, China tungsten price increased slightly and stabilized. The mentality of the upstream and downstream of the industry chain is different: the raw material market is supported by cost factors, the bottom price of tungsten products is relatively clear, the business mentality is positive, and the quotation is close to the high position. 

However, the calm pattern of the downstream market after the holiday still did not improve, the actual market transaction orders are not many. The middlemen follow up the cost operation and the operation is slightly difficult. The attitude of the industry is optimistic and cautious.

In the tungsten concentrate market, the post-holiday mines maintained a good price reluctance to sell. Under the pattern of institutional and large enterprises guiding price increases and spot low-cost resource consumption, the holders’ reluctance to raise prices will continue to be highlighted. The specific trading volume entered the market to seek a breakthrough. At present, the market just needs to be enquired, and the price of high-grade black tungsten concentrate reaches 102,000 yuan per ton.

In the APT market, the price operation of the tungsten raw material end is slightly effective, the cost support the firm's mentality is relatively stable, and the quotation is close to the upper limit of the range. However, the downstream wait-and-see atmosphere is sawing, and the buyers are still very cautious in entering the market, and the operation difficulty of the smelter is still difficult. The sales mentality continues to be under pressure, and the overall market transaction is not hot.

In the tungsten powder market, buyers and sellers marketing still show the stalemate. The market is trading with a small amount of demand. The downstream cemented carbide and product companies have indicated that it is difficult to raise prices, and they are cautious about the price of strong tungsten raw materials. The market traders talked about stalemate. The operators operated with risk avoidance as the first priority. The price of tungsten powder was consolidating and was temporarily reported at 253 yuan per kg.

Prices of tungsten products on Oct. 15, 2018

Picture of tungsten trioxide

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