Tungsten Powder Prices Edge Lower on Weak Demand

Analysis of latest tungsten market from ChinaTungsten Online

Chinese environmental inspection boosts market confidence and tungsten concentrate sellers have strong rised mentality. But manufacturing enterprises remain low buying interests, resulting inadequate trading volume. 

Although there is no obvious surplus in the supply of spot resources, market participants in APT market lack confidence under the weakness in demand. The decline in newest guide prices also lower manufacturers’ expectations for market outlook. 

Affected by retreated tungsten raw material prices, tungsten powder prices become weak and downstream tungsten carbide and product market is weak. Manufacturers widen offer levels while some traders are willing to cut product profits to move materials.

Prices of tungsten products on Aug. 22, 2018

Picture of tungsten powder

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