Tungsten Powder Prices in China Stabilized on Weak Demand

Details: Category: Tungsten's News; Published on Tuesday, 26 February 2019 10:51

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China were unchanged in the week ended Friday February 22 on low trading activity after the Lantern Festival. Raw material manufacturers had strong rised mentality due to the tightening availability of spot goods, but few transactions were concluded. Considering thin market trading, market participants take a watchful stance on the whole.

For tungsten concentrate sellers, they were reluctant to sell owing to low operating rate of factories. Downstream buyers remained low buying interests and thus transactions were hard to increase. Tungsten concentrate prices hovered around $15,076.9/t that is close to offers of Jiangxi Tungsten.

In the ammonium metatungstate (APT) market, dealers still were cautious to trading, plus with stabilized offers levels of listed tungsten companies, factories became more conservative in making production plan and insiders mainly waited for the next move in the market. APT prices have been stabilized at $262.5/mtu since February.

Tungsten powder prices were hard to rebound because the market gained weak support from upstream and downstream enterprisers’ stability to consume raw materials remained insufficient. Limited by weak demand, prices have been stabilized at $36.3/kg for a long time.

Prices of tungsten products on Feb. 25, 2019

ammonium metatungstate price picture