The prices of raw tungsten material products, tungsten concentrate and APT have been slightly improved, and some mainstream manufacturers have been fully engaged or even stopped accepting orders temporarily.

 

Yesterday, a large Fujian tungsten enterprise gave a written APT quotation as RMB 12,400.00/ton of cash in July for the first time, which made a decline in the price of RMB 500/ton compared to the previous price. In addition, another large central enterprise, after gave a purchasing price of APT as RMB 125,500/ton last week, continue to give the price of RMB 126,000/ton to the market this Monday, slightly increase RMB 500/ton.

 

The market of tungsten concentrate actively supplement goods, few trading enterprises have started early, the current mainstream market’s purchasing quotation for standard black tungsten ore is RMB81,000-82,000/ton, slightly rising RMB1,000/ton. Some smelters’ purchasing quotations are even slightly higher than the market. For example, a large central enterprise’s purchasing quotation for the scheelite is RMB 81,000/ton. In addition, most trading enterprises now only purchase but sell out the materials.

 

The APT market has a certain reaction, some processing enterprises gave the stocking price as  RMB 81,000/ton, the current mainstream smelters’ mentalities were turn for the better, and some smelters began to limit sales. Yesterday’s inquiring price in the bulk market also appeared as RMB126,000/ton. For the problem of purchasing raw Tungsten Concentrate materials, factories will continue to cherish the goods.

 

The tungsten powder market’s present reaction is not obvious, medium tungsten carbide particles’ price to sell is mainly concentrated in the price of RMB 198-200/kg. Although some tungsten powder’s raw materials has been so difficult to purchasing, the growth trend of tungsten powder’s price is slightly slower than the price of raw materials ,as the price rise from raw material is passive ,but also, it can try to follow the price of raw materials.

 

Comprehensive analysis

The basic reason which causes the rebounding phenomenon of mainstream tungsten’s price is that tungsten concentrate cost is increasing, and the mainstream tungsten mines began to restrict sell. The direct reason is the market’s need tension as the raw material processing enterprises is stockpiling.

 

Another important factor is the rebounding of the market’s confidence. In the online prediction, the trend of market warming has been formed, as the market is the off-season from the demand level, we still need to pay close attention to the power of price rising.