The Price of Tungsten Concentrate and APT in May

Tungsten Concentrate Price (WO3 65%, wt) continued to rising, which has been more than 6% and the price has already hit 125 thousand RMB per ton. Downstream demand of tungsten are mainly on Tungsten hard alloy(about 50%) and Tungsten steel (30%), tungsten concentrated in the Carbide (about 50%). While terminal demand of Tungsten wear-resistant tools, cutting tool and machine tool will depend on industrial development. The output of tungsten concentrate increased 3% in 2012. Domestic production of add-value industry rose to 10% after November 2012, which indicates that domestic demand was stable, which is resulted from demand uptrend news about store.

The price of Tungsten hard alloy has gone up about 20% and Ammonium Paratungstate (APT) has increased 15% from last quarter of 2012. Therefore, tungsten concentrates maybe the main driving factor in the uptrend of the price of tungsten, which indicates the feature of cost-driven. In the context that the global economy is still in a stage of adjustment, it is necessary to see the situation of downstream demand (mainly monitoring data of April Ammonium Paratungstate export), the rise of tungsten concentrate price may indirectly transmit to downstream though affecting the price of Ammonium Paratungstate (APT). In this regard, the price of tungsten may continue to rise. On the contrary, the price may remain stable.

Chinatungsten Online predicted that tungsten concentrate price and APT price will remain the uprising trend in the next several months.

 

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