Tungsten Forecast Prices for August Failed to Live up to Market Expectations

Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and Zhangyuan Tungsten have raised both its tungsten concentrate and ammonium paratungstate (APT) price forecasts for August. The increase in the association’s forecast prices failed to live up to market expectations.

However, with many participants noting that the forecast prices remain below levels currently seen in the spot market. The GTA expects the average price of APT to rise by 2,500 yuan ($354) per tonne to 108,500 yuan per tonne in August. This compares with the association’s forecast APT price of 106,000 yuan per tonne for July. The increase, rather than reflecting an improvement in market fundamentals, is seen by market participants as the association attempting to bring its estimates more in line with current market levels after forecasting a significant fall in the average price for APT in July.

Prices of tungsten products on Aug. 12, 2019

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Picture of tungsten powder 

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