Tungsten Concentrate Price Will Be Weak on Deadlocked Market Trading

Details: Category: Tungsten's News; Published on Tuesday, 27 March 2018 10:32

Analysis of latest tungsten market from Chinatungsten Online: After China’s two sessions, spot goods in the raw material market are increasing. While market trading follow up slowly and purchasers force prices down, and thus tungsten price is in the downstream trend in the short term.

Most mines gradually recover production in late March, but under the environmental protection policy, the whole capacity is limited. Due to the weak terminal demand after the Chinese New Year, sellers with some stocks are more willing to sell, which greatly affects market mentality. Tungsten concentrate price will be weak on deadlocked market trading.

Transaction prices in APT market return back to the level before Chinese Spring Festival. Even so, market trading is not improved. In the short term, the decline in APT price is hard to reverse.

In the tungsten power market, the continuous rise of cobalt price prompts some alloy enterprises to raise their product prices. Downstream enterprises have no enough demand to consume tungsten power, plus the disappearing good factors in the raw material market, market confidence is shaken. Tungsten powder price is stability at present.

Prices of tungsten products on Mar. 27, 2018

tungsten carbide powder price picture