Tungsten Concentrate Sellers Take a Watchful Stance in Late December

Details: Category: Tungsten's News; Published on Wednesday, 01 January 2020 17:34

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices are unchanged from last week when the raw material markets features tight supply and firm offers with more and more manufacturers stop quoting at the end of the year. But high-price transactions are hardly concluded despite raw material sellers keep good confidence.

In the tungsten concentrate market, sellers mainly take a watchful stance, watching for the market trend in the new year. Most product offers hover around $13,043.5/t with deals rarely concluded. Although the demand side cannot improve in the short term, the high cost supports the APT market. The tungsten powder market also is quiet considering low trading activity of downstream users. At present, the market is caught in wait-and-see atmosphere, stabilizing offer levels for further guidance from institutions and listed tungsten companies.

Prices of tungsten products on Dec. 30, 2019

APT price image