Tungsten Carbide Powder Price Keeps Firm on Improving Sentiment in China

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China keep firm in early September despite of deadlocked supply and demand in the market. At present, insiders are waiting for the new average tungsten forecast prices from listed tungsten companies.

Tungsten concentrate suppliers do not intend to sell product at low prices, resulting in rare low-price spot goods. Although the demand side continues its weakness, the supply and cost sides boost market confidence. In addition, this round of price rise lowers the risk of high prices. Therefore, raw material prices are expected to rise above $12,500.00 per tonne. 

Smelting factories in the APT market keep cautious in taking goods as they are trying to avoid the risk of price inversion. Inventories are kept at a low level and manufacturers raise offers below $216.0 per mtu as traders have good expectation for the market in Golden September. 

Tungsten powder price comes back to $29.4 per kilogram with the support of firm raw material side. But most downstream users can not accept high-price resources. The whole market trading is low. In the short term, traders would focus on the development of international economic and trade relations and the demand at home and abroad.

Prices of tungsten products on September 3, 2020

Picture of tungsten acid 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >