Tungsten Concentrate Was in Short Supply Again

       

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten concentrate was in short supply again from yesterday, and the purchase of it in the mainstream smelters also became tense. Tungsten concentrate market is more active, and products price tends to be recovered, so some enterprises start to expect the rally in price again.

Last week, with the increase of processing ingredients prices, mainstream APT smelters stated to raise processing costs. Taking the coefficient of processing and processing fee of 45 tungsten ore for smelting as an example, the coefficient of processing is 1.435, and processing fee is RMB 13,500/tonne. The current processing fee rises by RMB 2,000 compared with the beginning the 2017, and up RMB 1,000/tonne compared with September.