[ferro-alloys.com] This week, Tungsten market mainly runs steadily, fluctuation of offer of manufactures is limited, inquiries in the market are not a few, but the initiative of purchasing is relatively worse, and the conclusion of business is weak. The market enters into a waiting and seeing stage chronically at the end of month.

Currently, the overall rate of operation is not high and the production is not much, and the goods in stock of factories are less. Under the situation of price falling largely in the earlier stage, most factories are not willing to lower price to sell out; although downstream smelting plant is willing to supplement, the purchasing at low price is difficult, so the buyers and sellers are in a stalemated and gambling status, the conclusion of business in the market is weak.

Currently, offers of APT of China Minmetals Corporation and China Tungsten and Hightech Materials Co.,Ltd. are firm; Zhangyuan Tungsten introduced that the purchasing price including VAT of long order of sodium paratungstate (APT) in the second half of March was at RMB 114,000/MT, dropped RMB 4,000/MT month on month; XTC introduced that the purchasing price including VAT of long order of sodium paratungstate (APT) in the second half of March was at RMB 114,500/MT; under the support of firm offer of main enterprise and price of long order, the low concluded price at RMB 113,000/MT is rare.

From the second half of March, a new round of environmental protection and production restriction will be conducted, production of part Tungsten enterprises will be limited again, the production of Tungsten production like APT may be reduced.

Under the condition of difficult purchasing of Tungsten raw material and environmental protection and production restriction, and lower production of Tungsten products, it is expected that Tungsten market will run mainly in stalemated and stable status, and the price is difficult to further drop sharply. 

• [Editor:Wang Linyan]