China's Xiamen Tungsten Raised Offers of APT for Late December

Analysis of latest tungsten market from Chinatungsten Online

China's Xiamen Tungsten released its offers for the second half of December: APT was quoted at $224.4/mtu, up $3.3/mtu from the first half of this month. The price rise boosted market confidence and transaction prices of APT spot resources also edged higher. But actual market deals will be improved significantly considering both weakness in the supply and demand side.  

On the one hand, raw material miners are reluctant to sell with more and more factories stopping production to undergo repair. The spot resources are limited, coupled with positive talks between China and America, and increased offers from listed tungsten companies, traders have good confidence at preset. On the other hand, the terminal manufacturing demand has not improved significantly, and uncertainties in macroeconomics including foreign exchange and consumption indexes still exist. At the end of the year, there has been a certain tightening trend in capital. Buyers are cautious in stocking. There is still disagreement between market buyers and sellers, and the short-term market shows stable with quiet trading.

Prices of tungsten products on Dec. 19, 2019

Picture of tungsten carbide powder 

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