Chinese Tungsten Prices Drops on Limited Buying Interest

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment with the approaching of New Year's Day. On the one hand, weak demand and capital shortage drag prices down; on the other hand, many manufacturers stop production to undergo repair and thus their plans for purchasing are delayed. 

In the tungsten concentrate market, due to the environmental checks, many mine enterprises stop working for the maintenance. Downstream factories mainly consume their inventories, but not purchasing raw materials. Tungsten ore market is both weak at the supply and demand sides. Tungsten concentrate prices now slowly drop to $14,615.4/t.

Product replenishment in the winter disappoints insiders in the ammonium paratungstate (APT) market. With the reducing operating rate of downstream enterprises, purchasers are waiting for further decline in market prices. under the pressure of high production costs and weak demand, APT manufacturers are negative.

For tungsten powder enterprises, terminal orders are limited as downstream customers have not high enthusiasm in stocking up. Considering the bad atmosphere in the market, insiders are worried about the late market. Tungsten powder prices will continue to be weak at the late trading week of 2018.

Prices of tungsten products on Dec. 26, 2018

Picture of tungsten powder 

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