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[Ferro-alloys.com] Domestic tungsten concentrates price dropped and its transaction price is around RMB 63,000 – 64,000/mt. The market of tungsten concentrates lingered at a low level and the whole market demand was rather low and gloomy. The downstream price of ferrotungsten and APT declined. So it was with the case of the overseas price of ferrotungsten and APT.

The price of tungsten concentrates declined to RMB 63,000 - 64,000/mt, approaching the cost line. As a result, the producers are reluctant to make a deal. The domestic ferrotungsten price is stable and the price of ferrotungsten 70# is quoted at RMB 124,000 - 125,000/mt by acceptance. The demand of steel mills is constant and the frequent customers purchase by its needs, the manufacturers produce by the orders. Therefore, there is no excessive inventory. The price of APT is RMB 97,000 - 98,000/mt. As the hard alloys market situation is bad, the purchase amount of frequent customers declines slightly. And the APT producers are losing money; there is small room to make profits.

The European transaction price of ferrotungsten is USD 25 - 26/kgW and the amount of irregular imported products is decreasing so that the regular transaction of ferrotungsten can be made and the orders of clients are huge. The purchase amount of Japan and South Korea is relatively smaller. The overseas APT price fell by USD 195-200/mt. The European demands are quite gloomy. According to one producer in Jiangxi, the enquiries are few and far between and the price offered is unacceptable. The native steel mills are not active in producing and the buyers basically have no intention to purchase.

Overview of the future market:

On the future market, the manufacturers are still cautious and there is a lack of motivational and stimulating factor, the tungsten concentrates market will be dominated by the mild consolidation and this trend will linger on.

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• [Editor:Chen Lian Hai]