Tungsten Powder Prices Would Continue to Stabilize in China

Analysis of latest tungsten market from ChinaTungsten Online

In the tungsten concentrate market, miners tended to keep their offer levels as they maintain low inventories under the environmental protection policy. Downstream factories do not active in trading and thus transactions remain at a relative low level. Tungsten concentrate prices are unchanged on Thursday.

APT insiders’ confidence is affected by the weakness in terminal demand. Low-price spot goods are hardly got as raw material sellers are reluctant to sell at the point. APT price will hover around $274.7/mtu in the last week before National Day.

Traders and product enterprises are cautious on purchasing tungsten powder as the market is caught in heavy wait-and-see atmosphere. Buyers remain weak buying interests, although the production side offers support for the market. This week, tungsten powder prices would continue to stabilize.

Prices of tungsten products on Sep. 27, 2018

Picture of tungsten powder

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