The Ganzhou Tungsten Industry Association released predicted prices of the tungsten products in December on Monday and slightly cut the prices.
The following table shows the predicted prices of the tungsten products in December.
|
Item |
Predicted price in Dec. |
Change on month |
|
Black tungsten concentrate |
62,000 yuan/tonne |
Down 5,000 yuan/tonne |
|
Ammonium paratungstate (APT) |
100,000 yuan/tonne |
Down 2,000 yuan/tonne |
|
Tungsten powder |
160 yuan/kg |
Down 5 yuan/kg |
The predicted prices tended to be conservative and continued the downtrend month by month in the year. But the predicted prices are still higher than the spot prices, reflecting the market's strong intentions to support the price, said analysts of the Shanghai Metals Market (SMM), a leading metal information provider in China.
Tungsten concentrate producers and the APT producers were reluctant to sell the goods at a low price, lending support to the prices. However, due to the soft demand, prices of the tungsten prices are likely to go down in the future, said the analysts.
Latest comments