Chinese Tungsten Market Continues Journey of Waiting and Seeing

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten market still is caught in wait-and-see atmosphere, with stalemated supply and demand. The price movements in different industry chains are different, as well as mentality of buyers and sellers. At present, low-price products are rare, high-price products are hardly to be sold, so market offers range slightly. 

In the tungsten concentrate market, sellers are more reluctant to sell. On the one hand, smelting factories cutting production tightens the supply of tungsten ores; on the other hand, high production costs and good average prices from large tungsten enterprises raise market offers. Buying interests of customers does not increase.

Manufacturers’ offers for APT still are strong, benefiting from low operating rate of smelters. The shortage of tungsten raw materials raises enterprises’ rised mentality while terminal market has not enough strength to follow up. Trading in APT market is thin.

Prices of tungsten products on May 29, 2018

Picture of tungsten carbide powder

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