China Tungsten Concentrate Prices Down on Persistent Weakness of Demand

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain weak adjustment due to the sluggish demand in the whole market at home and abroad. In China, smelting factories have strong willingness of inventories cuts, and companies who face capital shortage also reduce prices for more sales. This sentiment makes transaction prices continue to be under pressure. 

With the approach of the traditional off-season in July, purchases and sales in the market are not active with rare deals concluded. Tungsten concentrate prices hover around $12,500/t; sellers’ rised mentality is weakened. Ammonium paratungstate (APT) prices are in the downward trend and are expected to decline to below $211.9/mtu under pressure of demand, funds and inventories. At present, domestic tungsten market is seeking the chance of bottoming out.

Prices of tungsten products on Jun. 28, 2019

Picture of tungsten trioxide 

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