Due to tight supply of raw material, businesses obviously believe that the tungsten price will increase. Since the market opened this week, the good performance of prices for long term order that a Fujian listed tungsten enterprises offered showed a positive guidance, and APT manufacturers’ quotation appeared an upward momentum.

 

It is said that Xiamen tungsten industry signed its second long term order at a price of RMB 125,000/ton, increasing RMB 500/ton compared with the price of previous round.

 

As for present tungsten market, buyers and sellers are still in a stalemate. The stable tungsten concentrates market is looking for the growth. Due to the limited supply growth, mines are confident. The strong APT market continues to offer higher quotations under the influence of increased cost. The powder market hasn’t keep pace with APT market. Temporary prices are  mainly stable as a result of weak downstream demand and less order.

 

Overall, the tight supply, businesses’ unwilling to sell, difficult procurement of raw material at low price and the poor terminal demand, causing a negative effect on the market. The price is expected to show a slow upward trend in afternoon tungsten market.

 

Prices list of tungsten products on 7.11