APT Price in China Remains Unchanged on Quiet Trading

Details: Category: Tungsten's News; Published on Wednesday, 22 May 2019 17:46

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China start to show signs of stabilization despite of continued low trading activity and different psychological prices of traders for products. On the whole, the short-term tungsten market is expected to be caught in wait-and-see atmosphere.

On the negative side, lacking confidence of insiders and some enterprises’ bidding are the main factors for the weak market. The factors that shaken confidence of insiders include insufficient orders for terminal manufacturing companies, the worry for 431.95 tons of tungsten ore and 29,651 tons of APT in Fanya’s inventories and unstable exterior trade environment.

On the positive side, Chinese environmental protection inspections are actively carried out in various provinces and with the decline in the grade of tungsten resources, the raw material side remains high production costs and tight supply. Besides, the new guide prices for the second half of May remain unchanged and main tungsten enterprises in the Tungsten Industry Association launched a production reduction plan, which adds confidence to the market's willingness to stabilize.

Zhangyuan Tungsten’s new offers for the second half of May: wolframite concentrate (WO3≥55%) price was $14,531.25/t, scheelite concentrate (WO3≥55%) price was $14,296.9/t, APT price was $256/mtu, unchanged from last time.

Prices of tungsten products on May 22, 2019

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