China Concentrate Price Rose Due to Tight Supply in Late December

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China keep strong in late December because of tight raw materials availability affected by the cold weather. Now raw material suppliers have good sentient, smelting factories become rational but consumers remain cautious sentiment. 

In the tungsten concentrate market, high-grade concentrate price rose to $13,968.3 per tone as sellers believe that the supply of tungsten ore is likely to reduce further at the end of the year and they are reluctant to sell at present. 

In the APT market, high production costs and increased average tungsten forecast prices boost market confidence. smelting factories have strong rised mentality and raise their offer to $236.8 per mtu. Now most insiders are focusing on actual demand at the end of the year and the situation of coronavirus in the world. 

The tungsten power market is supported by firm raw material market and increased offers from downstream alloy enterprises, and market price comes back to $32.5 per kilogram. As purchasers are not will to accept high-price resources, actual transactions still need to be increased.

Prices of tungsten products on December 25, 2020

China concentrate price image

Picture of tungsten needle 

tungsten needle image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat