Analysis of latest tungsten market from Chinatungsten Online

The average price in 2019 for ammonium paratungstate (APT) duty unpaid Rotterdam and the Chinese APT export prices dropped by more than 28pc from 2018, according to Argus data.

Chinese domestic prices rose briefly in March on concentrate supply tightness but dropped in the second quarter on a lack of buying interest and an inventory sell-off. By July, Cemented Carbide Tips prices had fallen to their lowest since February 2017, dropping below most concentrate producers' average production cost of $1 Cemented Carbide Drill Bits 1,474/t.

Tungsten concentrate producers in December were unwilling to attract sales by cutting prices because of weak profit margins, while downstream buyers operated from stocks or made purchases on prompt demand.

Prices of tungsten products on Jan. 17, 2020

Picture of tungsten carbide powder 

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