Tungsten Price in China Stabilized in March on Quiet Market Trading

Details: Category: Tungsten's News; Published on Monday, 01 April 2019 18:15; Hits: 435

Analysis of latest tungsten market from Chinatungsten Online

Tungsten price in China maintained stability in March, affected by deadlocked supply and demand, declined offer levels of listed companies, increased mine production after the Two Sessions and worry for inventories in Fanya Metal. In addition, added-value tax in April will be declined, which makes traders slow down their pace in purchasing.

Spot resources are limited as tungsten concentrate sellers want to stabilize their offers at a relatively high level. While downstream buyers are reluctant to purchase raw materials at high prices, and thus market trading is weak. The market now has prices but no sales, with heavy wait-and-see atmosphere.

In the ammonium paratungstate (APT) market, buyers and sellers are in a stalemate, smelting factories show different attitudes toward market outlook and traders wait for the next move in the terminal market. With the support of the cost side, APT price also remains stable.

For tungsten powder market, downstream tungsten carbide and product enterprises are not optimistic about price trend in April. Most purchasers are not active in inquiry, taking a watchful stance. Under the thin market trading, tungsten powder price is expected to continue the stability in April.

Prices of tungsten products on Apr. 1, 2019

tungsten carbide powder price picture