Tungsten Market Prices Stabilized in China on Limited Buying Interest

Details: Category: Tungsten's News; Published on Tuesday, 08 January 2019 19:11

Analysis of latest tungsten market from Chinatungsten Online

The tungsten forecast prices from institutions and offer levels from large tungsten enterprises were released one after another, declining slightly compared with the second half of December, 2018, but is in line with the current market trend.

Last Friday, Ganzhou Tungsten Association released its forecast prices for January, 2019: black tungsten concentrate price was $14,615.4/t; down $384.6/t from December, 2018; ammonium paratungstate (APT) price was $260.8/mtu, down $7.0/mtu; medium particle tungsten powder price was $36.3/kg, down $1.4/kg.

Last Saturday, Zhangyuan Tungsten also released its offer levels for the first half of January, 2019: black tungsten concentrate (WO3≥65%) price was quoted at $14,615.4/t; down $153.8/t from the second half of December, 2018; scheelite concentrate (WO3≥65%) was quoted at $14,384.6/t, down $153.8/t; APT was quoted at $260.8/mtu; down $3.5/mtu.

Xiamen Tungsten’ offer level for APT was $262.5/mtu, down $3.5/mtu compared with the second half of December, 2018.

Although businesses have strong willingness of stability as product profits have been squeezing, the market lacks effective supports. Taken together, considering low buying appetite of downstream customers, tungsten market prices are expected to be under pressure in the short term.

Prices of tungsten products on Jan. 8, 2019

tungsten carbide powder picture