China Tungsten Prices Continued to Stabilize on January 20, 2020

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices remained stable in the week ended on Friday January 17, 2020 because the market is caught in heavy wait-and-see and holiday atmosphere. This week, market prices will continue this trend. 

Chinese 2019 concentrate production is likely to surpass 2018 output of 116,271t. But all eyes are likely to be on Chinese production levels in 2020 as the government attempts to implement environmental restrictions, update production quotas and crack down on illegal mining.

Concerns of a global supply glut last year faded after China Molybdenum outbid China Minmetals in an auction to buy 28,336t of FME's APT stocks. China Molybdenum is not expected to release these stocks in the near term at a price lower than the auction price of Yn130,000/t, which offers support for spot prices.

Prices of tungsten products on Jan. 20, 2020

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