Although the June and July’s downstream demand is still under pressure, many participants remain cautiously optimistic about the tungsten market in the second half of 2017, as environmental protection supervision was strengthened in the main production areas.

 

Presently, the tungsten mine is still limited to product, supporting businesses to insist on a conservative way in selling their less stock, in order to get more profit. Market price is about RMB 83,000-85,000/ton. Rising cost of raw materials make smelting companies increase quotation in tentative, and the current price of APT is RMB 128,000-130,000/ton.

 

The supply and demand both show weakness in tungsten market. Enquiries are scarce in the off-season. And under the influence of limited production, operating rate of downstream chemical industry and enterprises is relatively low. Because the cost and profits are squeezed, manufacturers’ enthusiasm for production is weakened, and market transactions are mainly made by previous orders.

 

Data shows that the tungsten concentrate price made an average increase of 15% this year. Currently, the tungsten concentrate spot supply is tight. And the industry believes affected by the supply reforming, the pressure of environmental protection and safety inspection and other factors, the supply and demand situation of tungsten products is expected to improve.

 

Prices of Tungsten products on Jul. 21, 2017