oscarspenc

Opening this week, tungsten market in China maintains its previous upward momentum. The prices of mainstream tungsten products rise collectively, supported by vantage supply and large tungsten enterprises’ Tungsten Carbide Rods long-term negotiated price.

As for tungsten alloy bar tungsten concentrate, because environmental supervision enters into Hunan again, the tight supply of mine material in main producing areas continues. Businesses insist on a conservative selling way and look forward to get higher prices. Currently, quotation in tungsten concentrate market has reached RMB 87,000/ton, which is still on the rise.

In APT market, as the cost of raw materials continues to increase and the loss risk increases, manufacturers offer higher quotation. APT price is about RMB 130,000-133,000/ton. However, due to the less downstream demand, subsequent operations tend to be cautious.

Raw material price of tungsten powder has a rapid upward trend, and the smelters’ quotations grew slightly as well. Current price of tungsten powder is tungsten carbide bar around RMB 203-207/kg. The off-season demand so weak that the market transactions are previous orders mainly.

Message shows that a Fujian listed tungsten enterprise stroke its fourth long-term negotiated price at the prices of RMB 130,000/ton, increasing RMB 4,000/ton compared with last week. Long-term negotiated prices continue to increase, supporting the positive outlook of tungsten market. AS the tungsten market supply and demand are still at a stalemate, the market tungsten price is expected to increase slowly.

Price of tungsten products on Jul. 25, 2017