A little stable for tungsten market
2005-04-19 09:22:04 【Print】
BEIJING (Asian Metal) 19 Apr 05 – The tungsten market appears a little stable this week, continuing its trend in the past three weeks, after the tungsten product prices ended its jumping up again and again in this March.
“Last week, we concluded a 20t ferro-tungsten deal for USD33.5/kg W FOB CMP, delivered to Rotterdam,” a Hongkong-based trader reported to Asian Metal today. “The tungsten market is becoming stable, with many industry participants claiming that the price may have touched the top.”
The price of ferro-tungsten at USD31.0-34.0/kg W has remained almost three weeks with current prices still in the range.
Usually, the trader buys tungsten ore from Jiangxi province and then ships it to a local smelter for processing to get ferro-tungsten products for sale.
Commenting on the prices quoted by a major Jiangxi-based tungsten smelter for APT at a price over USD215/mtu, the trader said that “it’s smelters’ good willingness. As far as I know, an APT deal was concluded at USD190/mtu, and the export price of USD200/mtu for APT is not practically concluded, saying nothing of higher than USD200/mtu.”
The trader believes that it will be difficult for tungsten prices to continue increasing.
A Xiamen-based tungsten wire smelter disclosed that it just purchased some quantity of APT at the price of RMB170,000-175,000/t from Jiangxi-based suppliers recently. This compares with the price level of around RMB170,000/t last week. The producer usually consumes almost 100t of APT per month.
In the smelter’s opinion, prices of tungsten products may go on increasing. “Some traders still hold large quantity of tungsten,” it said.
“Last week, we concluded a 20t ferro-tungsten deal for USD33.5/kg W FOB CMP, delivered to Rotterdam,” a Hongkong-based trader reported to Asian Metal today. “The tungsten market is becoming stable, with many industry participants claiming that the price may have touched the top.”
The price of ferro-tungsten at USD31.0-34.0/kg W has remained almost three weeks with current prices still in the range.
Usually, the trader buys tungsten ore from Jiangxi province and then ships it to a local smelter for processing to get ferro-tungsten products for sale.
Commenting on the prices quoted by a major Jiangxi-based tungsten smelter for APT at a price over USD215/mtu, the trader said that “it’s smelters’ good willingness. As far as I know, an APT deal was concluded at USD190/mtu, and the export price of USD200/mtu for APT is not practically concluded, saying nothing of higher than USD200/mtu.”
The trader believes that it will be difficult for tungsten prices to continue increasing.
A Xiamen-based tungsten wire smelter disclosed that it just purchased some quantity of APT at the price of RMB170,000-175,000/t from Jiangxi-based suppliers recently. This compares with the price level of around RMB170,000/t last week. The producer usually consumes almost 100t of APT per month.
In the smelter’s opinion, prices of tungsten products may go on increasing. “Some traders still hold large quantity of tungsten,” it said.
