APT Prices in China Remained Weak; Tungsten Concentrate Price Stabilized
- Details
- Category: Tungsten's News
- Published on Monday, 29 April 2019 17:48
Analysis of latest tungsten market from Chinatungsten Online
China tungsten prices remained weak adjustment in the week ended at Friday April 26 as declined new offer levels of listed tungsten companies weakened market confidence. With the support of the cost side, the price adjustment is limited. And under deadlocked supply and demand, and thin trading, market participants remained unclear views for the outlook.
Stricter environmental protection inspection, limited imports of mines and reduced production of domestic mines tightened raw material supply, supporting sellers’ strong rised mentality. Sellers were reluctant to sell their products at low prices while terminal buyers remained low buying appetite on quiet fundamental. The prices of tungsten ores now are the focus of the tungsten concentrate market and would affect the whole market greatly.
In the ammonium metatungstate (APT) market, the right of the raw materials to the price of resources was suppressed by the demand side, and the intermediate traders have insufficient control over the price of the products. Generally, most traders passively waited and saw the deadlocked situation of the supply and demand, so transactions were hardly concluded. Smelting factories faced pressure of tight liquidity and risks of price inversion, coupled with doubts about Fanya Metal 30,000 tons of APT stocks, factories slowed down the production. APT prices ranged from $257.8/mtu to $261.3/mtu.
Prices of tungsten products on Apr. 29, 2019
Picture of tungsten powder
Follow our WeChat to know the latest tungsten price, information and market analysis.
- Tungsten Manufacturer & Supplier, Chinatungsten Online: www.chinatungsten.com
- Tungsten News & Prices of China Tungsten Industry Association: www.ctia.com.cn
- Molybdenum News & Price: news.molybdenum.com.cn
- Tel.: 86 592 5129696; Fax: 86 592 5129797; Email: sales@chinatungsten.com