Tungsten Concentrate and APT Market Throwback in 2016

Jan.-Apr.: Tungsten concentrate and APT rises and falls down all in a sudden. In the first half year of 2016, tungsten market went through ups and downs which is really rare in the history. From January to April, tungsten concentrate market prolongs the upgoing trend since the end of last year, the price keeps going up for 50% compared to the bottom price of 2015. On the one hand, national purchase and storage for two times offers the market a big space to recovery. On the other hand, manufacturing enterprises haven’t started to produce which results in short of material in the market. Tungsten concentrate price goes up but the supply is insufficient, they are still reluctant to sell, purchase for raw material has become a big trouble. APT price is even more ridiculer, market price keeps going up, at the end of April, price updates everyday and rising ratio reaches 20% in a month. People are surprised about the rhythm of up going of price. The side effect of fast rising of price gradually becomes problem, low market demand is the main concern.

May: At the end of May day, the end user of tungsten products are still rare, mining manufacturers start in succession, oversupply is the main trend. The situation starts to change. Upstream manufacturers are intended to sell raw materials, price starts to fall. Demanding is still rare. Tungsten price falls down in the middle of May for 20%. So does the APT market.

June-July: Environmental protection check in most APT manufacturer causes a lot of them have to shut down and rectification. Again, raw material becomes scarcity. Contradiction between supply and demand intensifies.

On Aug.5^th, tungsten concentrate price reaches 74,000RMB/ton. Tungsten price index will be publicized soon. Let us have an expectation for it and hope it will goes stable in the rest of 2016.

• < Prev
• Next >