As the buyers and sellers are still at a stalemate, market trading atmosphere slants empty, guiding the tungsten price to consolidate mainly.

 

In respect of supply, as main producing areas of tungsten ore such as Hunan and Jiangxi are still subject to heavy rains, the tight supply support miners’ confidence towards price. Tungsten concentrate market is promising, and shipping prices tentatively increased. Material quotations transmit costing pressure to downstream smelting enterprises, cheap raw materials, increasing the risk of upside down in mining production. APT vendors are also constantly making Minor adjustments.

 

In respect of demand, effected by the environmental policy, the operating rates of downstream smelting and chemical factory are relatively limited. Else, as it is off-season, the market order quantity is small and smelters’ procurement demand of raw tungsten concentrate material is also relatively weak, leading to the low activity of market enquiries.

 

Overall, the stalemate game between buyers and sellers is the main factor that affects the current price changing trend. The outlook of tungsten market is unclear without investigating the national policies’ control effects on environmental protection and operating guidance that large tungsten enterprises offered.

 

Price of tungsten products