China Tungsten Powder Market Is Under Pressure on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China are unchanged from last week as market mentality is different for the industry chain affected by the reform of VAT this month. The offer levels in the market is not stable and thus terminal buyers slow down their pace of purchasing and actual transaction prices also show signs of decline.

In the tungsten concentrate market, market participants are cautious to the late market trend because buyers remain low buying appetite and the supply of resources increase after the end of Chinese Two Sessions. Sellers have the willingness of sales but with few transactions concluded. The prices are at a relatively low level. 

The confidence of smelting factories is weaker than before as downstream buyers do not raise their willingness of purchasing. Therefore, ammonium metatungstate (APT) price is in the downward trend. In the short term, traders will wait for the new guide prices from tungsten institutions and companies.

Downstream tungsten carbide and product enterprises receive few orders and insiders also press the cost side. The tungsten powder market is weak and prices tend to drop. Under the deadlocked supply and demand, the market is under pressure.

Prices of tungsten products on Apr. 4, 2019

Picture of tungsten powder 

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