The market sees price climbing of upstream tungsten ore and APT raw material suppliers offer recently. This is especially because of the holding back from tungsten ore suppliers. APT traders have difficulty taking delivery of goods and the trade is still thin.
The market is not practicable for tungsten ore suppliers, and holding back is common sentiment. There are few offers and low price inquiries are met with indifference. Traders are also holding back and sellers are slow and cautious. White tungsten ore has risen to Yuan 680-720/kg only at Luoyang Luanchuan area. This is because local low grade white tungsten is delivering constantly. Now the trend is upward which favors suppliers. Many suppliers are waiting for the rise.
The APT market sees clear rise, and recently assessment is centered at Yuan 78000-80,000/mt. Suppliers are making constant delivery. An APT producer from Ganzhou has just conclude a sale at Yuan 80,000/mt. The tungsten powder has yet to make adjustment on time. The APT price is blocked by the cost. Some sources say that some tungsten powder producers are trying to rise the price from Yuan 136/kg to Yuan 138/kg, but has met cold welcome.
The demand of the long-term weak market has not changed. The reservation from the state or signals of production limitation can only change the sentiment in a short period of time. The price are only rising at the end of the month or the year shortly. The cash flow has met great difficult as the debt is due. The holding back can hardly sustain itself. |