China Cesium Tungsten Bronze Prices Stabilize with Increased Supply

Analysis of latest tungsten market from Chinatungsten Online

China tungsten carbide powder and cesium tungsten bronze prices are unchanged from the previous trading day when the supply in the raw material markets becomes increase with mining enterprises returning to work gradually. But the purchasers remain low enthusiasm in trading, so the whole market is in a stalemate. 

In the tungsten concentrate market, affected by the declined grade of mining resources, high mining costs and environmental protection inspection, most miners are afraid of price decline, but the main factor affecting long-term price fluctuations is still the relationship between supply and demand. Some companies have considered profit-taking recently, resulting in a small downward trend of tungsten concentrate prices. 

The raw materials are hard to be purchased while downstream buyers require small quantity and lower prices, so ammonium metatungstate (APT) factories still need to avoid the risk of price inversion. Besides, the Fanya stocks owned by China Molybdenum remain to be dealed with, making insiders worry about the demand and funds side. Smelting factories generally keep low inventories with cautious mentality. Market prices also tend to drop slightly. 

Prices of tungsten products on Oct. 18, 2019

Picture of yellow tungsten oxide 

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