Tungsten Carbide Powder Prices Decline in China on Low Trading Activity

Analysis of latest tungsten market from Chinatungsten Online

Tungsten powder and tungsten carbide powder prices decline slightly on low trading activity in the market. Purchasers wait for further falls in prices and thus they are not active in replenishment. Sellers are reluctant to sell products at low prices as profits are squeezed. China tungsten market is in a stalemate.

In the tungsten concentrate market, although the whole market trading remains thin after the holiday of New Year’ Day, good expectations for environmental protection, manufacturer stopping production to undergo repair and replenishment of enterprises boost market confidence and the bottom gets supported. The prices now stabilize. 

With the approaching of Chinese Spring Festival, market participants in the ammonium paratungstate (APT) take a watchful stance and prices remain at a relatively low level. Downstream purchasers keep forcing prices down while raw materials takes a lot, so smelting factories are not active in producing at present.

Enterprises of raw materials have strong sentiment of stabilization, but orders from terminal manufacturers do not increase. Intermediaries and downstream users are cautious to stocking up. Therefore, buying appetite for tungsten powder remains weak. Tungsten powder prices are expected to remain weak adjustment.

Prices of tungsten products on Jan. 11, 2019

Picture of tungsten powder 

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