Ferro Tungsten and APT Prices Declined in China

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China continued on a downward trend in the week ended on Friday July 5, 2019. Many participants in the market expected the price to bottom out, but the price has defied this expectation and most recently reached its lowest since July 2017. 

In the tungsten concentrate market, companies cooperated to reduce production, but it failed to cause the supply tightening effect in the market. Instead, the low-price inquiry in the demand side made sellers in the spot market reduce product prices for more sales. Tungsten concentrate prices fell below $12,500/t and are expected to decline further. 

Smelting factories remained low operating rate in the APT market, but sales were hard as downstream delayed their purchasing plan and demanded for lower prices. They faced pressure of price inversion. With the decline in production cost, enterprises are waiting for new guidance from large companies. 

Tungsten powder market was weak with sluggish demand and low trading activity. Most traders remained low buying appetite. So the market is caught in heavy wait-and-see atmosphere.

Prices of tungsten products on July 8, 2019

Picture of tungsten concentrate 

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