Tungsten Powder Price Climbs, Followed by Raw Material Market

Analysis of latest tungsten market from Chinatungsten Online: Tungsten ore enterprises that are facing high pressure of sales are not willing to sell their products because the environmental protection policy stopping production offers support to tungsten raw material market. 

Though APT market is strong, terminal market is difficult to follow up. Buyers now are cautious on high-price products, causing fewer market transactions. In the short term, tungsten price will not make great change. 

Smelting factories cutting production speeds up the drop in terminal demand, but considering the environmental protection pushing production costs higher and the rise in downstream product prices, seller’s rised mentality is strong. High grade tungsten concentrate price hovers around $17,903.2 per tonne, with fewer transactions.

Many factories in major tungsten production area Ganzhou are in the journey of recovery and thus APT supply is continuing at the end of this month. APT manufacturers now are not willing to sell their products as the price may rise in the future. Downstream enterprises cannot accept high product prices, reducing trading volumes.

Tungsten powder enterprises raise offers followed by raw material market, but remain low buying interest. Terminal demand is weak, with fewer new orders. At present, sellers and buyers are in a stalemate and most businesses are waiting for the new average prices from large tungsten enterprises and the recovery of smelting factories.  

Prices of tungsten products on May 30, 2018

Picture of tungsten carbide powder

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