Tungsten Concentrate Prices in China Stabilized on Soft Demand

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten market was slow over the past week ended at Friday January 4, with prices down and trading activity limited while Chinese market participants were absent for the holiday of New Year’s Day on Monday-Tuesday December 31, 2018-January 1, 2019. 

In the tungsten concentrate market, sellers were reluctant to sell low-price resources. Firstly, low-price goods are gradually reducing after a continued price decline in 2018; secondly, mine production is limited by environmental protection inspection; finally, some factories intend to stock up before the Chinese New Year and that increases market expectations. Therefore, tungsten concentrate prices stabilized at $14,615.4/t.

Smelting factories were difficult in sales as downstream enterprises remained low buying appetite in the ammonium paratungstate(APT) market. So manufacturers slowed down their production and took a watchful stance. In the short term, APT prices will stand at $260.8/mtu.

Tungsten powder prices mainly stabilized after the return from the holiday of New Year’ Day. Market trading remained thin and is expected to continue the current trend before a further move in replenishment of downstream customers, environmental protection and new guide prices from large enterprises.

Prices of tungsten products on Jan. 7, 2019

China tungsten prices picture

Picture of ammonium paratungstate

ammonium paratungstate picture

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