Tungsten, a kind of metallic element.Silver gray or white steel, high hardness, high melting point, no air erosion at room temperature; Mainly used in the manufacture of high-speed alloy cutting steel and filament, super-hard matrix, also used in optical instruments, chemical instruments. With the progress of science and technology, the development of metallurgical process, equipment and analytical technology, as well as the expansion of the production scale of rare metals, the purity, performance and variety of tungsten have been continuously improved. . This broadens the field of application of tungsten. China is rich in tungsten, tungsten production and total exports are the first in the world. After smelting, tungsten is a shiny, silvery metal with high melting point, high hardness, low vapor pressure, low evaporation rate, and stable chemical properties. Recently, during the low season of traditional tungsten consumption in July and August, coupled with the intense trade war between China and the United States, the sale of tungsten products is weak, and the major processing companies have been secretly watching. They reduced the amount of purchase of raw material, some manufacturer makes a discount to be able to order any tungsten concentrate or Apt even tungsten powder. The APT manufacturer is upset, on the one hand, it is the order of all old consumers, they do not have many other retail orders. On the other hand, On the other hand, capital is scarce. Facing the current upstream profit price, they basically focus on blocking orders. The administration of US President Donald Trump has proposed raising tariffs on $200 billion on Chinese goods from 10 percent to 25 percent.
According to the report, the APT market price reduction phenomenon is very serious, with the spot market supply returning to normal, but the demand is not performing well, the market can choose a wide range, and the buyer has a strong bargaining power. Affected by this, today, 68% black tungsten concentrate price is about $10.3-10.5 million per ton, 65% white tungsten concentrate price is about
$10.2-10.4 million per ton. The price of tungsten powder is about ¥266-270/kg, the price of tungsten carbide is about ¥264-268/kg. At present, confidence in the industry is generally weak, the price of large companies of tungsten is relatively high. Although the tungsten market has sufficient stocks, the demand is severely reduced. In late July, the tungsten market is difficult to return stability. It takes time to return to the stable tungsten market.