Tungsten Market Is in the Doldrums

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Tungsten, a kind of metallic element. Steel gray or silvery white, high hardness, high melting point, no air erosion at room temperature; Mainly used in the manufacture of filament and high-speed cutting alloy steel, super hard die, also used in optical instruments, chemical instruments. With the progress of science and technology, the development of metallurgical processes, equipment and analytical technology, as well as the expansion of the production scale of rare metals, the purity, performance and variety of tungsten have been continuously improved. Thus, the scope of application of tungsten is expanded. China is rich in tungsten, tungsten production and total exports are the first in the world. After melting, tungsten is a silvery-white, lustrous metal with a high melting point, high hardness, low vapor pressure, low evaporation rate, and stable chemical properties. Recently, during the off season of traditional tungsten consumption in July and August, coupled with the intense trade war between China and the United States, the sale of tungsten products is low, and large processing enterprises have secretly observed. They have reduced the raw material purchase amount, some manufacturers give discount in order to order any tungsten concentrate or Apt even tungsten powder. The APT manufacturer is upset, on the one hand, it’s all the order of the old consumers, they don’t have many other retail orders. On the other hand, On the other hand, capital is tight. Facing the current upstream profit price, they are basically focusing on lock orders. The government of US President Donald Trump has proposed a $200 billion tariff increase on Chinese goods from 10% to 25%. The two countries are continuing their dialogue to decide whether or not to resume trade negotiations.

According to the report, the APT market price reduction phenomenon is very serious, the market spot supply returning to normal, but the demand is not doing well, the market can choose from a wide range, and the buyer has strong bargaining power. Affected by this, today 68% of black tungsten concentrate price is around 10.3-10.5 million per ton, 65% of white tungsten concentrate price is around

$10.2 to $10.4 million per ton. The price of tungsten powder is about 266-270¥/kg, the price of tungsten carbide is about 264-268¥/kg. At present, industry confidence is generally low, the price of large tungsten enterprises is relatively high. Although the tungsten market has enough stock, the demand is so serious. At the end of July, the tungsten market is struggling to regain stability. It takes time to restore the stable tungsten market.



Source by Carol Chen

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