China’s Tungsten Price Shows Signs of Rise on Environmental Protection Policy

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten price shows signs of rise, boosted by the environmental protection policy and improved confidence in raw material market stabilizes offers. While poor performance in terminal demand raises worry, price rebound would be limited. In the short term, insiders mainly wait the guide from large tungsten enterprises.

Sellers’ rised mentality becomes stronger, affected by the positive outlook of tungsten raw material market, and thus low-price resources in the tungsten concentrate spot market are rare. At the same time, weak demand increases downstream market’s risk.

In the APT market, the environmental protection policy eases the weak demand and manufacturers keep firm offer due to the tight spot goods. Smelting factories now have sufficient stocks, but traders remain low buying interest. APT price lacks enough trading volumes to rise.

Tungsten powder market has been stabilized since the fall of raw material prices. But the quiet terminal market is hard to stimulate enterprises to raise product prices. On the whole, the market is now caught in heavy wait-and-see atmosphere.

Prices of tungsten products on Apr. 20, 2018

Picture of tungsten powder

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