China Tungsten Concentrate Price Still Firm Amid Continuous Prompt Tightness

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China maintained stability in the week began on April 15 on the whole as partial narrow price adjustment had little influence on current deadlocked supply and demand. Opening this week, market participants would focus on new guide prices from large tungsten companies. 

In the tungsten concentrate market, the continued tightness of spot resources raised miner’ strong rised mentality. Therefore, tungsten concentrate prices were limited downward under the pressure of guiding price cuts and capacity recovery. After the profit narrowed, the holders strengthened their price stability and were reluctant to sell at low prices. At present, most insiders expect good for environmental protection inspection, Russian import mine control and future overall resource supply and demand pattern performance

Ammonium metatungstate (APT) market was still in a stalemate. Manufacturers’ cuts in selling prices did not increase trading volumes, reflecting the weakness in the demand side, plus with the stabilization in the cost side, smelting factories were not willing to adjust their offers. This week, traders tend to wait for the new offer levels from listed tungsten companies.

Downstream tungsten carbide and product enterprises remained low consumption for tungsten powders. But with the continuous consumption of low-level resources, the bidding rate of tungsten powder enterprises has gradually decreased. In the short term, tungsten power market is expected to be caught in wait-and-see atmosphere.

Prices of tungsten products on Apr. 22, 2019

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Picture of tungsten powder 

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