Tungsten Powder Prices in China Were Weak on Lowered New Guide Prices for May

Details: Category: Tungsten's News; Published on Monday, 13 May 2019 19:03

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate and tungsten powder prices in China remained weak adjustment in the week ended on Friday May 10, affected by the decline in new guide prices from tungsten associations and large companies.

Sino-US trade negotiations have been revived recently and thus investors are cautious considering the external tariff risks. The fundamental side shows no good news while market participants remained negative sentiment on the continued weakness in the demand side. Therefore, most traders remained low trading activity. Considering the deadlocked supply and demand, and risks caused by unstable external trade environment, the whole tungsten market is expected to face pressure of sales.

Prices of tungsten products on May 13, 2019

APT price image