China’s Tungsten Carbide Powder Price Climbs Slightly to $45.2/kg

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten market is caught in heavy wait-and-see atmosphere at the end of May on thin terminal demand market trading. 

At present, smelting factories in major tungsten production areas are still shut down and downstream factories purchase according to their needs. Although prices in some regions try to rise under the deadlocked supply and demand, market demand is hard to follow up.

Tungsten concentrate manufacturers are difficult in sales, but are not willing to lower their product prices. Supported by consumption of low-cost inventories in the earlier stage and good performance in terminal market, miners try to maintain high product prices. After the earlier decline, traders in the market now have strong rised mentality. 

In APT market, capacity of smelting factories remains low, businesses with fewer stocks keep firm offers and market inquiry increases. But market trading is thin. Tight supply raise manufacturers’ rised mentality and fewer new orders in the terminal market bringing down traders’ willingness of trading are the main reasons.

Raw material shortage and high production costs now support tungsten powder price while thin trading in terminal factories limits transactions. Under the both weak supply and demand, buyers remain low buying interest. Tungsten carbide powder price climbs slightly to $45.2/kg.

Prices of tungsten products on May 31, 2018

Picture of tungsten powder

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