Tungsten Market Short-Term Shocks

Tungsten price rose sharply in short term, which did not only fail to stimulate the enthusiasm of the industry, but made the upstream and downstream market trade sharply compressed, although raw material prices were pulled up rapidly, the price of terminal tungsten carbide products has not been improved.

Two months of tungsten price continuous rising begins to turn around. On May 25, the average price of 65% wolframite is 76,000 yuan / ton, the price of APT is 120,000 yuan / ton, the price of medium grain tungsten powder is 190 yuan / kg, respectively, the average price fell 2,000 yuan / ton, 3,500 yuan / ton, 2 yuan / kg compared with that on last Friday (May 20).

Affected by tungsten enterprises limited production price and purchasing and storage news, tungsten price rose sharply in short term, which did not only fail to stimulate the enthusiasm of the industry, but made the upstream and downstream market trade sharply compressed, the price of tungsten lacking of market demand to support will eventually fall back, so there are reasonable demands for the price returning in the market itself. Price of tungsten products continued to rise, especially tungsten powder, tungsten carbide powder and other powder products, with the rapid rise. Although raw material prices were pulled up rapidly, the price of terminal tungsten carbide products has not been improved. Some alloy enterprises said that the current orders on hand were signed before a month and unable to increase prices. Some small and medium sized carbide producer claimed that they were prepared to discontinued at any time.

Influence by the high costs of raw materials, on the one hand the downstream business are difficult to accept it, on the other hand with the increasing prices of raw materials, there are attempts to raise the offer of their own terminal products. Combined with that the early result of tungsten concentrate prices rising, traders of tungsten concentrate storing a large number of goods leads to backlog of funds, the divergence of interests in the market of all parties, or cause short-term frequent shocks of price tungsten in the market, the base of the sharp decline is still not enough.

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