Tungsten Powder Prices in China Declined Slightly on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remained weak adjustment mainly owing to the continued weakness in the demand side and the decline in new guide prices of large companies and institutions. Considering weakened market confidence and low trading activity, tungsten market is expected to continue the current situation. 

In the tungsten concentrate market, the supply in mines increases steadily and sellers are reluctant to cut product profits for more sales. Downstream buyers still remain low buying appetite as terminal manufacturing has been in the off-season. Sellers do not accept the low offer levels from Ganzhou Tungsten Associations and Zhangyaun Tungsten, so the prices are stalemated at $14,843.8/t. 

For ammonium metatungstate (APT) market, downstream enterprises slow down the pace of purchasing and try to force priced down after the decline in new offer levels of large companies. Smelting factories face the difficulty of high production costs but low selling prices. APT price now decline below $264.8/mtu.  

Downstream tungsten carbide and product enterprises receive few new increased orders, putting pressure to tungsten powder market. The whole market is mainly based on just-needed transactions, and the competition among enterprises increases. So tungsten powder prices hovers around $35.9/kg.

Prices of tungsten products on Apr. 10, 2019

Picture of tungsten powder 

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