[ferro-alloys.com] At the beginning of the week, price of tungsten product continues to rise, and the transaction is rare. 

Yesterday, enquiry of long order of ready cash of ammonium paratungstate of Xiamen Tugnsten is RMB 119,000/mt, risen by 1,500 compared to the price at RMB 117,500/mt of the beginning of the month; price of long order of ready cash of settlement price of a listed paratungstate enterprise in Jiangxi maintains at RMB 120,000/mt, resulting in obvious mentality of supporting price of APT, price of paratungstate product continues to be up.

Rise of price of paratungstate has formed, many factors jointly bull the tungsten market. Although the whole supply-demand relationship does not have quantity level change, however, under the condition of the whole metal becoming warmer, and marked rise of price of raw material, price at the bottom is supported obviously, and risk of trading in the market is relatively small.

For the current price, the downstream buyer’s market does not very accept, and many enterprises still have waiting and seeing attitude, so the conclusion in the market is rare.  

• [Editor:Wang Linyan]