tungsten Concentrate Prices Are Expected to Stabilize in China
- Category: Tungsten’s News
- Published on Friday, 24 April 2020 18:28
Analysis of latest tungsten market from Chinatungsten Online
Tungsten concentrate and ammonium paratungstate (APT) prices in China are expected to stabilize because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.
Miners are reluctant to sell at current prices because they are already below their costs of production and participants therefore expect the concentrates price to remain within the current range in a slow market.
Large-scale tungsten companies usually prioritize the supply of raw materials (concentrates) to their own subsidiary refineries, leaving limited volumes available for the wider market. Meanwhile, small- and medium-sized miners are choosing to sit on the sidelines and wait for the price to improve before supplying the market.
In terms of demand, participants said they expect the market would be in a lull for the rest of April after several APT refineries, which are maintaining operations to fulfill long-term contracts, stocked up on raw materials in the early stages of the month.
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