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[ferro-alloys.com] This week, supply of Tungsten raw material is tenser, and the emotion of expecting to rise of price is stronger, and Quotation of tungsten concentrate and APT has a further rise.

Currently, black tungsten concentrate 65% is mainly quoted at RMB 78,000 to RMB 79,000/mt, risen by RMB 1,000/mt compared to the quotation of the last week; white tungsten concentrate 65% is mainly quoted at RMB 77,000 to RMB 78,000/mt, risen by RMB 1,000/mt compared to the quotation of last week. After two years, quotation of high end of range of black tungsten concentrate 65% Grade Ⅰhas returned to RMB 80,000/mt.

APT is mainly quoted at RMB 120,000 to RMB 123,000/mt (cash including VAT), and quotation of APT is reached to RMB 125,000/mt by a plant in Jangxi District, but the market does not have much acceptance to the quotation of high end  of range.

Along with rise of price of raw material, the production cost of tungsten powder and Ferro Tungsten increases. Tungsten powder is mainly quotation at RMB 194 to 196/mt, including VAT, and its downstream cemented carbide and production producers will purchase according to the order and its conclusion is steady.

Ferro Tungsten 70% is mainly quoted at RMB 123,000 to RMB 125,000, lacking the support of trading volume, the Ferro Tungsten market still shows weak.

The downstream enterprises has a limited ability to accept the Tungsten products at a higher price, the overall trading volume of Tungsten product is still not much; but trading activities in Tungsten market has improved, and part enterprise holding goods changes their waiting and seeing mentality, and begin to sell the goods to cash out for locking in the profits. 

• [Editor:Wang Linyan]