Tungsten Powder Price Continues Its Weak Adjustment in China

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the week to Wednesday November 7. The new tungsten average prices released on Monday indicate a conservative attitude of large enterprises and institutions and thus supply and demand are still in a stalemate in the market. 

In the tungsten concentrate market, affected by intertwined cost, supply, funds, and demand, traders are uncertain for the market outlook. Customers are not active in purchasing while miners’ willing in lowering product prices remains low. At present, spot goods are tight, buyers and sellers wait and see. Tungsten concentrate prices hover around $15,384.6/t. 

Under the environmental protection and control, smelting factories’ pressure of getting raw materials is not high, but sales face challenges from the demand side. Moreover, more uncertainties in the macro environment at home and abroad make upstream and downstream in a stalemate. APT price now stabilizes at $278.2/mtu.

Fewer transactions are concluded in the tungsten powder market as downstream enterprises reduce their plan in stocking up,, which greatly affects market confidence. Although Ganzhou Tungsten’s average prices remain unchanged, transaction prices show signs of decline under bad atmosphere in trading. In the short term, tungsten powder price will be weak.

Prices of tungsten products on Nov. 08, 2018

Picture of ammonium paratungstate

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