Tungsten Powder Market Continues Its Weakness in China

Details: Category: Tungsten's News; Published on Monday, 20 May 2019 09:17

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are unchanged from the previous trading day due to low trading activity under the pressure from the demand side and unstable external environment. At present, most tungsten product prices are in the downward trend and insiders wait for the new guide prices for the second half of May.

In the tungsten concentrate market, purchasers expect a downward trend of the market and thus they slow their pace of replenishment. Benefiting from Chinese environmental protection reducing production, inventories in the spot market are at a relatively low level. As far as the performance of the whole industry chain, downstream take a watchful stance, transactions do not increase and tungsten concentrate price is expected to decline.

The APT market is in the off-season with sluggish terminal procurement. Smelting factories is passive under imbalanced relationship between supply and demand. Traders remain cautious to receive new orders as they are negative about the price trend. Manufacturers now focus on attitude of large enterprises and downstream finished product consumption.

Tungsten powder market continues the quiet trading atmosphere. On the one hand, downstream enterprises remained low willingness in stocking up considering weak raw material side but limited cost adjustment; on the other hand, buyers have not high buying appetite to improve market trading.

Prices of tungsten products on May 17, 2019

APT price image