Influenced by the high temperature and flood disasters which are the traditions in the off-season, upstream and downstream enterprises of tungsten industry Chain have low operating rates. In the inspection of environmental protection policies, raw material supply becomes tighter. Some traders in Hunan said that due to the long-term difficulty in procurement, and cargo carriers are active to increase prices, cheap tungsten ore becomes more difficult to get.

 

At the same time, lacking orders is also a common off-season condition for downstream smelting factories. So although the upside down risk of production cost exists and manufacturers have strong will to increase price, the actual market price is still follow up slowly. Some tungsten concentrates merchants in Jiangxi said that due to the unfilled long-term orders, this month’s purchasing cost of tungsten still need to be strictly controlled, widening the market difference and discombobulating turnover. 

 

Overall, demand in Chinese tungsten market is still out of season. Because the supply continues to shrink, tungsten market sustains steady growth. But as the actual transaction market is still at a stalemate, the operation is still need to be cautious.

 

Prices of tungsten products on Jul. 19, 2017