Tungsten Powder Market in China Was Weak at the end of July

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintained stability in the week ended on Friday July 26, 2019 on deadlocked supply and demand. The strong rised mentality in the raw material side supported the current transaction prices but weak demand also weakened confidence in the spot market. 

In the tungsten concentrate market, the supply of resources is limited because many mines in major producing areas reduced or stopped production. In fact, most manufacturers had the materials in stock, but under the rised mentality, they were not willing to sell at this moment. In the short term, the market would continue to stabilize. 

Ammonium metatungstate (APT) market still faced pressure from the demand side with limited inquiry. Smelting factories remained low operating rate and did not increase the quantity of raw material replenishment. The whole market now is caught in heavy wait-and-see atmosphere. 

The offers in the tungsten powder market were in chaos. Downstream alloy enterprises held negative expectation for the outlook, so the willingness of stocking up was low. Now most traders are try to avoid the risk of price inversion and waiting for the next move in the market.

Prices of tungsten products on July 29, 2019

Picture of tungsten powder 

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