Tungsten Concentrate Prices Stabilize on Thin Market Trading

Details: Category: Tungsten's News; Published on Thursday, 14 March 2019 17:23

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable due to heavy wait-and-see atmosphere in the market. On the one hand, the supply of raw materials is tight but is expected to increase after the end of Two Sessions; on the other hand, with the consumption of stocks in factories, the demand may increase.

In the tungsten concentrate market, products have prices but no sales. Limited production output in mines raises market confidence and traders offer high levels. Considering low buying appetite of downstream, tungsten concentrate prices would tend to stabilize.

Affected by tightening availability of raw materials, low trading activity of downstream and stabilized new guide prices from large companies, buyers and sellers in the ammonium metatungstate (APT) market have different psychological prices and thus transactions are rare concluded. In the short term, APT price would continue to stabilize.

Factories consume tungsten powder slowly and businesses are not intended to raise offer levels with the support of firm raw material market. The whole market now is quiet with thin market trading and low buying interests.

Prices of tungsten products on Mar. 14, 2019

wolframite concentrate price picture