Quiet Trading Activity in Chinese Tungsten Market
- Details
- Category: Tungsten's News
- Published on Friday, 17 August 2018 15:36
Analysis of latest tungsten market from ChinaTungsten Online
The supply of tungsten raw materials may be tight again in the second half of August and miners have high expectations for that. While terminal demand and financial strain of some traders make deals rare. Tungsten concentrate price hovers around $15,384.6/t.
Sales become difficulty in APT market and product prices edge lower. Considering no favorable news in the market and imbalanced supply and demand, buyers lack confidence to the outlook. Market sentiment is very quiet now.
In tungsten powder market, downstream cemented carbide and products companies remain low buying interest, purchasing according to what they need. Trading is thin again as market participants become cautious with coming of new round of environmental checks.
Prices of tungsten products on Aug. 17, 2018
Picture of tungsten trioxide
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