China Tungsten Market Maintains Stability on Declined Offer Levels

Details: Category: Tungsten's News; Published on Wednesday, 13 November 2019 17:07

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten market maintains stability with quiet market transactions. On the one hand, the terminal side keeps low purchasing enthusiasm; on the other hand, raw material companies gradually face pressure of price inversion with limited profits. In the short term, the market is in a stalemate.

China's Xianglu Tungsten released its new offer levels: black tungsten concentrate (WO3≥55%) was quoted at $12,463.8/t, down $434.8/t; scheelite concentrate (WO3≥55%) was quoted at $12,318.9/t, down $434.8/t; APT was quoted at $219.4/mtu, down $7.4/mtu compared with the second half of October.

The tungsten concentrate market is caught in wait-and-see atmosphere when sellers have stress of cost and sales, but purchasers require lower prices. The APT market is weak affected by the whole market trend. Smelting factories produce products and make offers according to their own situations. For tungsten powder market, prices tend to decline and companies are not optimistic about the outlook.

Prices of tungsten products on Nov. 13, 2019

tungsten powder price image