Zhangyuan Tungsten & Xiamen Tungsten Declined Offer Levels for Late December

Details: Category: Tungsten's News; Published on Monday, 24 December 2018 15:13

Analysis of latest tungsten market from ChinaTungsten Online

Tungsten prices in China continued the downward trend in the week to Friday December 21 because of low buying interests with the approaching of New Year’ Day and capital shortage at the end of this year. In addition, listing tungsten companies declined their offer levels, which also pressed transaction prices down.

On last Monday, Xiamen Tungsten released its offer for APT at $266/mtu for the second half of December, down $5.2/mtu compared with the first half of this month.

On last Thursday, Zhangyaun Tungsten also released its offer levels for the late December: wolframite concentrate (WO3≥65%) was quoted at $14,769.2/t, down 4230.8/t from the first half of this month; scheelite concentrate (WO3≥65%) was quoted at $14,538.5/t, down $230.8/t; APT was quoted at $264.2/mtu, down $3.5/mtu.

Tungsten concentrate market is quiet at the end of the year and most traders wait for the next move in the market. New increased orders are limited for downstream factories, so they are not active in purchasing raw materials. Tungsten concentrate market price now stabilizes at $14,769.2/t.

APT and tungsten powder markets were slow over the past week, with prices down and trading activity limited. Traders adjusted their offers downward due to continued low trading activity. Most enterprises are caught in wait-and-see atmosphere.

Prices of tungsten products on Dec. 24, 2018

ferro tungsten price picture