Orders in Tungsten Powder Market Decrease on Downward Price

Analysis of latest tungsten market from Chinatungsten Online: Market participants in the tungsten market are basically pessimistic about the outlook at present. Considering the weak price, purchasers slow down their pace in purchasing, which limits the release of demand to some extent. Sellers have high willing in shipments while purchasers have little need in stocking up. The imbalance means thin trading. In the short term, tungsten price will be weak.

In the APT market, it is easy for traders to purchase what they need at $26,935.5-27,096.8/t. Though smelters are reluctant to reduce prices, bearish atmosphere covering the whole market is weakening market confidence. Under the limited demand, APT price tends to fall. While some manufacturers express that market price is not likely to decline again.

Orders in the tungsten powder market decrease, according to large tungsten powder enterprises. On the one hand, market price is now in the downward trend, and downstream factories do not have high willingness in stocking up; on the other hand, with the recovery of supply, tungsten powder enterprises start to receive orders. For large companies, transaction prices for tungsten powder concentrate on $43.5-44.1/kg. Tungsten carbide powder prices hover around $43.3-43.6/kg.

Prices of tungsten products on Apr. 10, 2018

Picture of tungsten trioxide

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