China’s domestic tungsten market consolidating; APT exports stalls

China’s tungsten concentrate and ammonium paratungstate (APT) prices remain largely stable in an illiquid spot market, while the export price declined on lower price levels amid persistently slow overseas demand, sources said.

The concentrate price remains firm amid the limited spot supply available to the market, sources said. Mining producers are reluctant to sell given that current market prices are below their production costs while downstream APT plants remain cautious about purchasing raw materials and only procure for rigid demand, Fastmarkets understands.

Fastmarkets’ weekly price assessment for tungsten concentrate 65% WO3, in-whs China was at 80,000-83,000 yuan ($11,316-11,740) per tonne on Wednesday June 24, unchanged for a fifth consecutive week.

Chongyi Zhangyuan Tungsten - a major producer for tungsten products - published its forecast price for black tungsten concentrate basis 55% WO3 at 78,000 yuan per tonne for the second half of June, 1,000-yuan-per-tonne lower than in the first half of the month. The latest price is also largely equivalent to a price...


Ruby Liu

June 24, 2020

12:52 GMT