Tungsten Powder Price Will Maintain Stability Without Support of Demand

Analysis of latest tungsten market in China from Chinatungsten Online: Domestic tungsten price continues its stable trend with improved transactions mainly on rigid demand. With the increase of sales willingness of traders, the wait-and-see atmosphere becomes heavier in the buyer’s market. The whole market now is maintaining low enthusiasm in trading, limited the price rise.

In the tungsten concentrate market, there are profitable shipments in some regions, reducing the difficulty in purchasing tungsten ores. But the production in mines is still affected by the environmental protection policy, so the supply will still be tight.  Downstream factories keep cautious attitude towards stocking up, hitting trading confidence. 60% wolframite concentrate price hovers around $17,519.4/t.

Sources of supply in the APT market is relatively short, and manufacturers have higher requirements for enquires from downstream enterprises. Given the rare new orders of tungsten powder enterprises, it is hard to sell APT and quotation would remain at a high level. In the short term, APT price is difficult to surpass $315.4/mtu.

Tightening availability of raw material and high purchasing costs still troubles tungsten powder market. Most manufacturers keep firm quotation while downstream alloy and product enterprises are cautious on stocking up. After the holiday, the demand has not yet released and tungsten powder price without substantive support will maintain stability at present.

Prices of tungsten products on Mar. 14, 2018

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