APT Price Stabilized; Tungsten Powder Price Got Supported

Details: Category: Tungsten's News; Published on Monday, 28 January 2019 19:14

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained stability in the week ended on Friday January 25. On the one hand, two listing tungsten corporations in Jiangxi and Xiamen stabilized their offer levels for the second half of January; on the other hand, market trading was quiet as mines stopped production to undergo repair, smelting factories remained low operating rate and downstream finished their plans of stocking up ahead of time.

In the tungsten concentrate market, the tightening availability of resources supported prices, but terminal customers still remained low trading activity. Most insiders now have good expectations for the supply side that benefits from environmental protection and annual shut downs of factories. High grade tungsten concentrate price stabilizes at $14,769/t.

Deals were rarely concluded in the ammonium metatungstate (APT) market. Firstly, the rised mentality of raw material market made spot goods purchasing more difficult. Secondly, purchasers were cautious to replenishment due to weak demand. Finally, more factories closed at the end of the year and production was limited. Given that, APT price would continue to hover around 4262.5/mtu.

Terminal demand for stocking continued to be sluggish while enterprises focus on their mind on retrieving the payment of goods but not producing. However, affected by good sentiment of raw material market and firm production costs, tungsten powder companies stared to show stabilization. In the short term, insiders would take a watchful stance to environmental protection and demand.

Prices of tungsten products on Jan. 28, 2019

APT price picture