Tungsten Powder Manufacturers Have Strong Rised Mentality

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price is in a stalemate, affected by interwoven positive and negative factors posed by environmental protection inspections, low selling willingness and weak market demand. At present, the production in smelting factories is the key for the market. Tungsten market will remain low trading activity earlier June.

Tungsten concentrate traders are not willing to sell their products at low prices, which eases the weak consumption of downstream smelting factories for raw materials. Manufacturers try to raise product offers, but buyers remain low buying interest. scheelite concentrate price will stabilize at the beginning of June.

In the APT market, smelting factories take the lead in the environmental checks, which keeps product prices strong. Offers from manufacturers exceed $328/mtu while the shortage of spot goods and weak demand result in fewer new orders. The current deadlocked situation will be hard to be improved in the short term.

Downstream alloy and product enterprises’ orders are few in the tungsten powder market. Tight supply of raw materials lifts production costs, in turn raising market prices. Tungsten powder manufacturers have strong rised mentality and price goes up to $45.5/kg.

Prices of tungsten products on Jun. 01, 2018

Picture of tungsten powder

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