Weak Demand Limits the Rise in Chinese Tungsten Price

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, Chinese tungsten price keeps firm while market demand is weak. Cracking down on illegal solid waste production carried out in the middle of May reduces the operating rate of smelting factories in major tungsten production areas, which supports prices of APT and related products. 

Although supply of tungsten ores is tight, manufacturers are reluctant to sell their products at low prices, after all the low operating rate of smelting factories is the key to market trend. Sellers now have strong rised mentality.

Weak demand is general in the whole industry chain. Considering the environmental checks, deadlocked supply and demand, and high production costs, businesses do not hold positive attitude on the late market. Downstream buyers are cautious on purchasing, limiting the rise in product prices. In the short term, the new offers from large tungsten enterprises and the recovery of smelting factories will be the focus of the market.

Prices of tungsten products on Jun. 05, 2018

Picture of tungsten powder

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