Tungsten Powder Prices Came under Pressure on Capital Shortage

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices came under pressure because of weak buying interest, with exporters of ammonium paratungstate (APT) and ferro-tungsten adjusting their offers downward.

In the tungsten concentrate market, miners have a strong willingness to stabilize the market compared with a dilemma that smelting factories are stuck. With the supports of environmental protection and rectification in mines, raw material market shows no panic in sales. But downstream factories’ funds pressure is continuing to cool down the enthusiasm in purchasing raw materials. Tungsten ore traders consider profit-taking and await for new guide prices. 

In the last trading month of 2018, smelting factories face grave financial problems, plus with disappointed expectations for stocking up at the end of the year, the whole tungsten industry chain is weak. Insiders express concern about supply and demand pressure and the risk of upside down. The trading activity now is low and APT price keeps falling. 

Downstream alloy and product enterprises remain low buying interests in the tungsten power market, watching the settlement of funds at the end of this year. Considering the poor performance in raw material prices and the demand side, tungsten powder companies with bearish mentality are cautious in general. Market trading is thin and tungsten powder prices may continue to decline.

Prices of tungsten products on Dec. 06, 2018

Picture of tungsten carbide powder 

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