Ammonium Metatungstate Market Lacked Support and Prices Stabilized

Details: Category: Tungsten's News; Published on Thursday, 21 February 2019 16:57; Hits: 422

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China maintained stability in the week to Thursday February 21 as low trading willingness of downstream enterprises limited raw material manufacturers’ rised mentality. At present, most traders follow offer levels of listed tungsten companies.

Raw material sellers decided a high offer level, but rare transactions were concluded. Sellers were reluctant to sell while buyers were not active. Therefore, although tungsten ore price kept firm, it may fail to rise in the short term.

For ammonium metatungstate market, smelting factories stabilized their offers. On the one hand, low-price raw materials were too little to buy as factories remained low operating rate; on the other hand, downstream consumption was low and buyers remained low buying interests.

With the end of Lantern Festival holiday, more and more market participants will come back to the market and market trading is expected to return to normal. In the short term, environmental protection, relationship between supply and demand, trading need further confirmation.

Prices of tungsten products on Feb. 21, 2019

ferro tungsten price picture