Wolframite Concentrate Price Continues to Move Down on Slow Trades

Analysis of latest tungsten market from ChinaTungsten Online

The wolframite concentrate price in China continued to fall in the week to Thursday November 29 amid weak demand, while the ammonium paratungstate (APT) market remained slow with participants awaiting further direction.

Affected by Chinese environmental protection, insiders react positively to cost and supply in the raw material side. In addition, tungsten concentrate prices stabilize in the guide prices from institutions and large enterprises. Therefore, tungsten concentrate sellers are reluctant to sell at low prices. But buyers are also cautious to purchase. 

For smelting factories, new increased orders reduce and sales become difficulty. Persistent weakening domestic demand and capital pressure at the end of the year press manufacturers in the APT market. APT factories now have strong willing to sell their products, but profits are limited. Actual transaction prices hover around at $269.5/mtu. 

Tungsten powder market is still quiet with not much movement and no new inquiries. It was reported that environmental inspections team would return to Nanchang, Jingdezhen, Zhangzhou, Shangrao and Fuzhou cities for a period of 24 days. That will further tighten market supply.

Prices of tungsten products on Nov. 29, 2018

Picture of ferro tungsten 

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