Tungsten Concentrate and Powder Prices Remain Stable in China

Details: Category: Tungsten's News; Published on Thursday, 17 January 2019 17:41

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and powder prices maintain stability on heavy wait-and-see atmosphere in the Chinese market. Most raw material manufacturers start to stop production to undergo repair and are reluctant to sell at low prices. The market outlook remains unclear for both sellers and buyers, so tungsten market will keep weak with limited trading volumes.

In the tungsten concentrate market, the supply of spot goods is tight as mines remain low operating rate under environmental protection policy. Sellers have strong rised mentality while downstream factories affected by weak demand control the quantity of replenishments. So rare transactions are concluded, although market trading becomes active. Tungsten concentrate prices stabilize at $14,615.4/t.

Smelting factories still take a watchful stance because product profits are squeezed by the cost and demand sides. With the approaching of Spring Festival, ammonium metatungstate (APT) manufacturers are cautious to produce products. APT prices hover around $260.8/mtu.

Raw material manufacturers sell their products at a relatively low level, but downstream factories remain low buying interest and thus tungsten powder manufacturers worry about the late market. In the short term, the market will wait for the next move in the raw material market.

Prices of tungsten products on Jan. 17, 2019

tungsten oxide prices picture