Tight Supply Failed to Cap the Downtrend in Tungsten Concentrate Prices in China

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continued the downward trend in the week ended on Friday June 28, 2019 owing on weak market confidence, low buying appetite of terminal market and buyers demanding for lower product prices. 

Some of Jiangxi Tungsten Holding Group’s tungsten mines have had to cut production due to floods caused by heavy rain since the start of June in Jiangxi province, with some market sources expecting this to cap the downtrend in tungsten concentrate prices. 

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.

The operating rate of China's tungsten concentrate producers decreased by 18% in May, the inventory volume decreased by 68.1%, and the inventory rate decreased by 59.5%. In May, the operating rate of China's APT producers dropped by 27.5%. However, the inventory rate increased by 59.5% year-on-year, according to statistics from relevant industry organizations.

Prices of tungsten products on Jul. 1, 2019

Picture of tungsten trioxide 

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