Tungsten Powder Market Was Weak; Tungsten Concentrate Price Stabilized

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices hovered around the guide prices of institutions and large tungsten enterprises last week ended at Friday January 11. Some factories became active in stocking up and raw material market had strong sentiment of stabilization, but terminal demand continued to be weak. So transaction prices were in the downward trend. 

With the advance of environmental protection checks and factory maintenance at the end of the year, the supply of tungsten ore is controlled and thus miners are reluctant to sell products at low prices. The whole market trading was thin. Businesses with small profits generally stabilized tungsten concentrate price at $14,615.4/t.

For ammonium paratungstate (APT) market, the supply side faced little pressure of inventories while spot goods were difficult to be sold as terminal customers did not need to consume much raw material. Under pressure of both cost and demand sides, APT manufacturers were in a dilemma.

Tungsten powder marker was weak because businesses have pessimistic sentiment under continued weak demand. Although there was demand for stocking up before Chinese New Year, market expectations were disappointed. Facing different levels of funding pressure, purchasers were not enthusiastic about replenishment. On the whole, tungsten powder price would remain weak adjustment this week.

Prices of tungsten products on Jan. 14, 2019

Picture of cesium tungsten bronze

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