Tight Spot Tungsten Market, Volumes Slightly Rising

Yesterday, the tungsten market continued to heat up, and the information that tungsten prices have rebounded spreaded further. 

tungsten powder image

The production and processing enterprises began stepping up the stocking pace. Some trading prices are slightly ahead of the market price, and the overall market prices are tending to increase.
 
As the procurement difficulties in tungsten markets continue to get improved, some smelting plants are also active in stocking goods to purchasing the tungsten concentrate. However, there is little circulation in the market. Prevailing quotation of High grade black tungsten is RMB 82, 000-83,000/ton, which increases RMB 1, 000/ton, black tungsten ore counseling price exceeds RMB 1.16/kg.
 
Prices of APT smelting products are also on the rise, as some processing enterprises began to actively purchase. In the yesterday morning, mainstream smelters’ transaction price is RMB 126,000/ton, by afternoon some powder processing enterprises accepted the purchasing price of RMB 129,000/ton. Most smelters will take action to stop or restrict the sales.
 
Today, Ganzhou Tungsten Industry Association will introduce tungsten products guidance prices for July. Considering that the market is timely in callback, the guidance price is expected to appear to offer guidance.
 
Comprehensive analysis
Opening this week, the market starts heating up. Judging from the investigations of the main producing areas of Jiangxi and mining enterprises, processing enterprises, trading enterprises and smelters of Hunan, tungsten raw material prices rebound reasonably after sharply compression, which enhances tungsten enterprises’ confidence. Although some fears showed in the market, at present, tungsten price still has some room to rise, and there is still a certain distance between the current price and the ideal price.

 

 

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