Tungsten Powder Price Is Adjusted in Line with Market Trend in Late May

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in the downward trend because the trading activity of terminal side is difficult to increase despite of stabilizing willingness in the raw material market. The downturn of spot goods transactions, capital turnover and imbalanced relationship between supply and demand increase traders’ willingness of sales. As a result, product prices tend to decline.

In the tungsten concentrate market, poor demand is the main factor impacting trading volumes of spot resources. Smelting factories have enough inventories for the market, plus with recent unstable trade environment, purchasers seek for a lower price when inquiring. Although the market gets the advantages in production control and environmental costs, sellers are placed in the passive position owing to poor demand side. 

The enthusiasm of production in smelting factories continues to be negative under the pressure of price inversion, turnover of current capital and inventories in Fanya Metal. Traders are not motivated to enter the market, basically maintaining order-by-operation. The market turnover is flat and the APT price is still pressed to around $247.2/mtu.

The consumption of the terminal manufacturing industry has weakened in the tungsten powder market. Downstream alloy and product enterprises generally have the feedback of rare orders and tungsten powder manufacturers get no power to produce. Moreover, buyers and sellers have different psychological prices for products, resulting in rare transactions. At present, the production is generally reduced to alleviate the pressure of spot supply, and tungsten powder price is adjusted in line with the market trend.

Prices of tungsten products on May 30, 2019

Picture of tungsten carbide powder 

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