Price in Tungsten Powder Market Is Under Pressure on Thin Trading

Analysis of latest tungsten market from Chinatungsten Online: The overall tungsten price in China keeps stable this week. Enquiries and purchases in buyer’s market decrease, weakening the good growth momentum in the tungsten raw material market. Businesses with strong rised mentality have not kept strong confidence, so market trading is thin at present.

During the two sessions in China, the limited production capacity in mines and factories supports firm tungsten price. But trading volumes of tungsten concentrate fail to reach the expectation because downstream demand is not released, weakening market confidence. Downstream factories intend to force price down when tungsten ore supply increases. Tungsten concentrate price will remain weak adjustment on low production capacity in mines.

More resources in APT spot market truly ease factories’ production costs. Manufacturers raise their willingness in selling while the weak demand in terminal market limits market trading. Overprice in the APT market is reducing and mainstream transaction prices drop to $306.60 /mtu.

In the tungsten powder market, orders in the terminal alloy and tungsten product enterprises are fewer, with little consumption for tungsten raw materials and low acceptance for high purchasing prices. Tungsten powder manufacturers would mainly produce long-term order recently and price will be under pressure.

Prices of tungsten products on Mar. 16, 2018

Picture of tungsten ore

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