Tungsten Concentrate in Short Supply, Smelters with Low Stocks

Analysis of latest tungsten market from Chinatungsten Online: The fourth long-term negotiated price in September was released by a large enterprise in Fujian, China amid APT price reduced by US$ 7 per mtu to US$287 per mtu. Affected by the decline, mainstream transaction price edges lower.

Domestic mainstream tungsten products price slightly declines. Wolframite concentrate quotas at US$ 16,899 per tonne to US$ 17,209 per tonne, falling by US$ 310 per tonne; scheelite concentrate declines by US$ 310 per tonne, ranging from US$16,589 per tonne to US$ 16,899 per tonne; APT stands at US$ 291 per mtu to US$ 294 per mtu, falling by US$ 3.5 per mtu; quotation for tungsten carbide powder is US$ 41.80 per kilogram to US$ 42.60 per kilogram, down US$ 0.31 per kilogram on average.

At present, sources of tungsten concentrate in the market are very tense. Some trader and smelters are still more cautious in purchasing, conservative in means of payments. Tight supply in tungsten mines affected by environmental protection inspection will continue. In addition, stocks in the market drop to a low level. Tungsten concentrate market is still caught in the heavy wait-and-see atmosphere and orderly purchasing in enterprises is less.

Smelter stocks also fall to a low level. Mainstream APT price hovered around US$ 294 per mtu to US$ 298 per mtuin last week. Smelters basically adopt the back-to-back transaction and the pricing of APT mainly depends on tungsten ore price. APT price is US$ 294 per mtu converted according to tungsten ore price

Comprehensive analysis: September is coming to an end, the demand in the terminal market has returned to normal, raw materials market is keeping step with customers. Though the market tends to be stable, large enterprises try to purchase at low price, so the attitude of big enterprises concerns people. Chinatungsten Online forecasts that short-term tungsten market may be weak and transaction prices will also show obvious differences. Market participants should remain cautious.

Price of tungsten products on Sep. 27, 2017

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