Tungsten Products Price - Aug. 16, 2017

Tungsten price in China sustains the growth this week. Supply crunches of raw material have not improved, but even intensified. Influenced by raw materials that are difficult to obtain and little demand, smelters’ quotations are slightly deadlocked.

Supply of tungsten concentrate is difficult to increase under the environmental protection inspection. In order to restore the profitability of the industry, miners are still actively maintaining the price. Currently, 65% black tungsten concentrate price has reached RMB 95,000/ton, and there is still a room to go up.

However, the price is far short of the forecast average for the Ganzhou tungsten Association in September 2013 which is RMB 140,000/ton. Under the influence of downstream resisting psychology to expensive raw materials, there is a long way for business who wants to support the price. In the short term, price is on the slow rising.

The production of APT in smelter is inhibited by unavailable raw materials. Due to the tight supply and limited demand, quotations are mainly slightly increasing. Considering the low operating rate caused by cost pressure and low turnover, tungsten powder quotation temporarily is in a wait-and-see mode

Overall, in the short-term, tungsten market is restrained by off-season demand. However, with the environmental protection supervision, the growth of tungsten price seems to have been fixed. Some analysts believe that tungsten price in 2017 has entered the rising channel as a result of tighten supply, stable downstream consumption and conservative selling way.

Price of tungsten products on Aug. 16, 2017

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