Tungsten Concentrate Supply Tightened on Stricter Environmental Protection

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment as raw material manufacturers’ rised mentality did not get support from the fundamentals of supply and demand and new tungsten guide prices. Downstream factories were not active in accepting orders amid cautious mentality of insiders. Tungsten product offers around the top of current ranges also showed signs of decline.  

The stricter environmental protection in major tungsten production areas and sellers’ strong rised mentality further tightened the supply of spot goods. Although the supply and cost sides offer supports for tungsten raw material market, weak demand limited market confidence. Tungsten concentrate prices hovered around $15,695.3/t.

It is difficult to purchase low-price raw materials in the APT market and strong bad atmosphere also covered the demand side. Considering the deadlocked supply and demand in the industry chain, market participants mainly took a wait-and-see mentality. Selling and buying prices of APT approached to $278.2/mtu.

With the approaching of winter and stricter environmental policy, downstream smelting factories stopped production, lowering the whole operating rate. In addition, the sluggish orders and high production costs cooled purchasers’ enthusiasm in trading. In the short term, tungsten powder price will stabilize.

Prices of tungsten products on Oct. 25, 2018

Picture of tungsten carbide powder

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