China Tungsten Market Is Weak with Thin Trading

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere with the approaching of New Year’ Day and increased financial pressure. Downstream factories remain low interests in stocking up while sales of raw materials become more difficulty. High production costs support mines’ rised mentality.

APT smelting factories’ production costs tend to be higher than sale prices, profits of tungsten powder and tungsten carbide powder enterprises also are squeezed, so the whole tungsten price is weak. Considering the bad trading atmosphere, market participants are waiting for the new guide prices from large tungsten enterprises. 

Prices of tungsten products on Dec. 18, 2018

Picture of tungsten powder 

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