Ammonium Paratungstate Price Stabilizes Owing to Thin Market Trading

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten concentrate prices continue to stabilize in the Chinese tungsten market as buyers remain low buying appetite. The raw material side keeps the firm offer levels while the demand side seeks for low-price goods. Therefore, the market is in a stalemate. 

In the tungsten concentrate market, the tightening availability of raw materials and raised tungsten guide prices of institutions boost market confidence. Although high-price resources are hardly concluded, traders are not willing to adjust offer levels or sell products at low prices. Considering the good expectation for the supply and cost sides, tungsten concentrate price would continue to maintain at a relatively high level. 

Listed tungsten companies declined their offer levels for APT, which makes market participants more cautious. There are some low-price resources in some regions. Downstream buyers make their inquiries below $264.8/mtu. Under the pressure of tight supply, high production costs and weak demand, smelting factories incline to stabilize current offer levels, waiting for new round of guide prices.

Tungsten powder market is under pressure with thin market trading. Downstream tungsten carbide and product enterprisers are not active in receiving orders, but with the support the firm raw material market, tungsten powder price still continues its stability. At the end of March, traders will focus on the new guide prices.

Prices of tungsten products on Mar. 28, 2019

Picture of tungsten powder 

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