APT and Tungsten Powder Prices Remain Weak Adjustment in China

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued to be in the downward trend due to low trading activity both in sellers and buyers. Purchasers are not strong in stocking up and seek for low-price resources, resulting in thin trading volumes. With the approaching of New Year's Day, insiders raise the wait-and-see sentiment. 

It was reported that a listing enterprise in Guangdong, China released its new offer levels. wolframite concentrate (WO3≥55%) was quoted at $15,153.8/t; scheelite concentrate was quoted at $15,000/t; ammonium paratungstate (APT) was quoted at $272.9/mtu, down $3.5/mtu. In the tungsten concentrate market, mines have a certain inhibitory effect on the price decline, but the weakness in downstream demand is hard to be improved and low trading also affects the supply side. Therefore, spot market cannot benefit from the raw material side. 

APT and tungsten powder prices remain weak adjustment, with a prospect of further fall if the demand side continues its weakness and bad trading atmosphere covers market participants. Market transactions are rarely concluded.

Prices of tungsten products on Dec. 12, 2018

Picture of tungsten carbide powder 

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