Chinese Tungsten Prices Came Under Pressure

Details: Category: Tungsten's News; Published on Wednesday, 21 November 2018 16:36; Written by Shuxia; Hits: 700

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices came under pressure earlier in this week because of weak buying interest, with exporters of ammonium paratungstate (APT) and ferro-tungsten adjusting their offers downward.

Xiamen Tungsten released its quotation for APT for the seconds half of November at $274.7 per mtu, down $3.4 per mtu. The decline further intensified the panic mentality of traders, coupled with lowing trading activity and capital pressure, more deals considered profit-taking. The transaction prices were in the downward trend. The weakness in terminal side also reduced the sales in the raw material side. Tungsten market is slow at present.

Prices of tungsten products on Nov. 21, 2018

tungsten powder price picture