Tungsten Powder Market Is Thin with Fewer New Orders

Details: Category: Tungsten's News; Published on Wednesday, 21 March 2018 11:48

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, domestic tungsten market continues to be in s stalemate. The increasing operating rate of mines affects sellers’ mentality while downstream manufacturers have no intend to enter the market. Therefore, market trading would be thin and industry insiders mainly focus on new guidance from large tungsten enterprises.

In the tungsten concentrate market, rised mentality of businesses has gradually come down due to weak terminal demand. Traders are active in trading amid some reducing profits for more transactions. Tightening availability of raw materials stabilizes tungsten ore quotation, but with the recovery of production capacity in mines, tungsten concentrate price may decline.

Market trading in tungsten powder market is thin with fewer new orders; downstream alloy and product enterprises have no willing in stocking up; smelting factories mainly produce long-term orders without much pressure of shipment. Given the current market condition, tungsten powder price will stabilize in the short term.

Prices of tungsten products on Mar. 20, 2018

tungsten carbide powder price picture