Large Tungsten Enterprise: Positive Negotiated Price

A large Jiangxi tungsten enterprise yesterday published a long-term negotiated price in the second half of July, which obviously intent to encourage businesses continue to raise quotation.

Presently, As the supply of raw material remains tight and manufacturers are more reluctant to sell out, there is an upward momentum for tungsten price to increase.

Looking from a new round of long-term negotiated price announced by Zhangyuan Tungsten, 65% tungsten concentrate’s quotation is RMB 84,500/ton, increasing RMB 3,000/ton compared with the first half of July. 65% scheelite’s quotation is RMB 83,000/ton, increasing RMB 3,000/ton compared with the first half of July. And price of ammonium paratungstate is RMB 130,000/ton, increasing RMB 5,000/ton compared with the first half of July.

Long-term negotiated price have increased markedly, enhancing the confidence of raw material producers who insist a conservative way in selling goods. Though price of tungsten concentrate has exceeded RMB 85,000/ton, it still has upward momentum. Raising RMB 1,000, now the APT price is about RMB 131,000/ton. Tungsten powder production costs increased significantly. However, due to the poor demand, manufacturers’ expectations of price are not same and market prices changed little.

Overall, the tungsten supply and demand are still at a stalemate. Supported by the cost, the market is still promising. However, as the actual turnover increase slowly, the industry still needs to pay close attention to the tendency of market demand.

Price of tungsten products –Jul. 21, 2017

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