【CBC Monthly Review】The tungsten industry chain rose slightly in March
Release time:
2024-07-18
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In March 2024, the average monthly price of China's tungsten concentrate (WO3: 65%) market was 125433 yuan/ton, an increase of 1.49% from the previous month, and the mainstream price rose from 122,100-127,100 yuan/ton at the beginning of the month to 124,200-129,200 yuan/ton at the end of the month.
In March 2024, the average monthly price of China's tungsten oxide (WO3≥99.95%) market was 209119 yuan/ton, an increase of 1.15% from the previous month, and the mainstream price rose from 206,500-208,500 yuan/ton at the beginning of the month to 210,000-212,000 yuan/ton at the end of the month.
In March 2024, China ferro-tungsten (W: 75~85%; FeW80-A/C) market average monthly price of 189905 yuan/ton, up 1.68% from the previous month, the mainstream price rose from 187,500-188,500 yuan/ton at the beginning of the month to 191,500-192,500 yuan/ton at the end of the month.
In March 2024, ammonium paratungstate in China (WO3: 88.5%; APT) market monthly average price of 185014 yuan/ton, up 1.35% from the previous month, the mainstream price rose from 183,000-184,000 yuan/ton at the beginning of the month to 186,400-187,400 yuan/ton at the end of the month.
Synthesis:
This month, the domestic tungsten product market has a good trading atmosphere, and the price of tungsten industry chain shows a slight upward trend. Tungsten ore mining is insufficient, the supply is tight, and the quotation of tungsten concentrate manufacturers has rebounded and increased. Tungsten oxide demand improved, and prices rose slightly. Ferro-tungsten manufacturers have a strong willingness to start work, market demand increases, and prices rise moderately. The demand for ammonium paratungstate has improved significantly, the inventory pressure of manufacturers has decreased, and the price has risen.
Forecast for the future:
This month, the domestic tungsten product market has a good trading atmosphere, and the price of tungsten industry chain shows a slight upward trend. Tungsten ore mining is insufficient, the supply is tight, and the quotation of tungsten concentrate manufacturers has rebounded and increased. Tungsten oxide demand improved, and prices rose slightly. Ferro-tungsten manufacturers have a strong willingness to start work, market demand increases, and prices rise moderately. The demand for ammonium paratungstate has improved significantly, the inventory pressure of manufacturers has decreased, and the price has risen. It is expected that the price of tungsten industry chain products will further improve in the short term.
Long-term forecast:
The overall market transaction atmosphere of domestic tungsten products is light, and the price of tungsten industry chain shows a slight upward trend. With the completion and operation of the large-scale mineral processing plant in Yancheng, the output of domestic imported tungsten ore will be further increased in the future, and the sales of imported tungsten ore will face greater pressure. In the long run, the tungsten market may rise due to the impact of the ore end.
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