SHANGHAI, Mar 28 (SMM) - Recently, a new round of environmental protection inspection task force has entered Jiangxi, and the production of tungsten mines and smelters has been subject to restrictions. The reduction in output due to lower operating rates will occur in April. Due to the expected tightening of raw material supply, the rise in tungsten prices has been well supported.
In the tungsten concentrate market, the price of 65% black tungsten concentrate is stable at 127,000 yuan/standard ton. The price of 55% black tungsten concentrate is consolidating at a high level at 125,500 yuan/standard ton.
In the APT market, the focus of bargaining has moved up to 187,000 yuan/ton, with some quotations of 188,000-189,000 yuan/ton, and the supply volume is limited.
In the tungsten powder market, as the price of raw materials continues to rise, tungsten powder products prices may be lower than raw materials prices. The price of medium-particle tungsten powder is 179-282 yuan/kg, and the price of medium-particle tungsten carbide is 275-277 yuan/kg.
Taken together, the tight supply of raw materials will continue in the future, coupled with the positive sellers to raise prices, the tungsten prices will remain firm. Tungsten price still have slight upside room this week.
