China Tungsten Prices Maintain Stability Due to Chinese New Year Holidays

Details: Category: Tungsten's News; Published on Friday, 15 February 2019 17:23

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China still maintain stability as logistics transportation and factories have not resumed working completely. In addition, market participants in the whole industry chain mainly take a watchful stance.

In the tungsten concentrate market, due to the tightening availability of raw materials and environmental protection policy, sellers have good expectations for the outlook and thus are reluctant to sell products. But most traders have not come back to the market completely, so trading is not active and prices stabilize.

Most ammonium metatungstate (APT) manufacturers are optimistic about the raw material market, but take a watchful stance for downstream demand. The offer levels of APT remain unclear and market trading is thin. Deals now wait for the new round of tungsten forecast prices from large tungsten enterprises.

The holiday atmosphere still covers tungsten power market. Before the Lantern Festival, market trading is expected to be low, plus with low buying interests of dealers, tungsten powder prices would continue the stability.

Prices of tungsten products on Feb. 15, 2019

cesium tungsten bronze price picture