Ferro Tungsten Prices Stabilize in China But Show Signs of Rise

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China are unchanged from the previous trading day on strong rised mentality of traders boosted by new round of environmental protection inspection but relatively low buying appetite of terminal buyers. 

Zhangyuan Tungsten released its new tungsten forecast pries for the second half of July: black tungsten concentrate was quoted at $11,093.75/t; scheelite concentrate was quoted at $10,859.40/t; ammonium paratungstate (APT) was quoted at $192.5/mtu, up $5.3/mtu compared with the first half of this month. 

In the tungsten concentrate market, most miners try to stabilize current offer levels and are not willing to sell cheaper products. The supply of spot resources remains at a relatively low level, easing the pressure of weak demand to some extent. But most insiders are not optimistic about the demand side, so buyers and sellers now in a stalemate. 

APT market also faces pressure from the demand side, but low operating rate of smelting factories reduces inventories stress. Tungsten powder market is supported by the cost side and most market participants take a watchful stance. The whole trading activity is low.

Prices of tungsten products on July 25, 2019

Picture of tungsten trioxide 

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