Tungsten Market Is in the Doldrums

Tungsten, a kind of metal element.Steel gray or silver 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 process, equipment and analytical technology, as well as the expansion of rare metal production scale, the purity, performance and variety of tungsten have been continuously improved. Thus the application field of tungsten is expanded. China is rich in Tungsten, Tungsten production and total exports are the first in the world. After smelting, tungsten is a silver-white and glossy metal with 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 weak, and major processing enterprises have secretly observed. They reduced the purchase amount of raw material, some manufacturer makes a discount in order to get order whatever Tungsten concentrate or Apt even Tungsten powder. APT manufacturer is upset, in the one hand, it’s all old consumers’ order, they don’t have much other retail order. In the other hand, On the other hand, capital is tight. Facing the current upstream profit price, they basically focus on lock orders. US President Donald Trump’s government proposed has proposed a $200 billion tariff increase on Chinese goods from 10 percent to 25.The two countries are continuing their dialogue to decide whether to resume trade negotiations.

According to report, the phenomenon of APT market price reduction is very serious, with the market spot supply returning to normal, but the demand is not doing well, the market a wide range can choose and the buyer has strong bargaining power. Affected by this, today, 68% of Black tungsten concentrate’s price is about $10.3-10.5 million per ton, 65% of white tungsten concentrate’s price is about
$10.2-10.4 million per ton. Tungsten powder price is about ¥266-270 / kg, Tungsten carbide’s price is about ¥264-268/kg. At present, confidence in the industry is generally weak,the price of large tungsten enterprises is relatively high. Although the market of Tungsten has enough stock, but the demand is reduce so serious. In the end of July, the market of tungsten is hard to return stability. It need time return the stable tungsten market.