Rational Shipments in Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online: Tungsten prices have gradually stabilized last week. Although the market is showing signs of worry, enterprises’ confidence has nearly recovered and shipments return to rational actions. Whether the market can return to the normal orbit needs to be concerned, but the whole market tends to be stable at present.

In tungsten concentrate market, raw materials supply is tight as stocks reduce owing to the environmental protection inspection and some sellers selling products at low price. The current tungsten concentrate price is lower than expectation price of most sellers. Businesses become reluctant to sell products.

In APT market, a new round of long-term negotiated price this week continues to be reduced to US$ 287 per mtu, generally lower than the current quotation from manufacturers. Large enterprises bearish on the market weaken businesses’ confidence, thus APT quotation declines. It is hard to make a deal when the price is higher than US$ 298 per mtu.

In tungsten powder market, smelting enterprises’ operating rate declines, terminal consumer enterprises seldom enter the market, with heavy wait-and-see atmosphere. Under weak supply and demand circumstances, orders in the market are dispersive. Tungsten powder price is still a lack of support for rising.

Comprehensive analysis: Market participants need to pay more attention on the development trend of big enterprises, especially enterprises that have large procurement requirements. Their attitudes have a crucial impact on the market. Tight supply in the tungsten market will appear when there no obvious pressure from large enterprises. Mainstream tungsten prices may decline but with limit as low operating rate in mines will still support price at low level. Chinatungsten Online suggest market participants take an objective and rational look at price changes and operations according to own needs.

Price of tungsten products on Sep. 26, 2017

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