Tungsten Powder and Concentrate Prices in China Stabilized due to Low Buying Appetite

Details: Category: Tungsten's News; Published on Monday, 04 March 2019 18:54

Analysis of latest tungsten market from Chinatungsten Online

Tungsten powder and concentrate prices maintained stability last week ended on Friday March 1. On the one hand, rising tungsten forecast prices from listed companies boosted confidence of smelting factories; on the other hand, terminal demand showed no signs of improving as traders remained low buying appetite.

The production capacity of mines was low after resuming working. With the approaching of Two Sessions in March, sellers mainly took a watchful stance to the market. Market participants hardly got the low-price resources while buyers were not active in stocking up. Tungsten concentrate market was slow in trading and stabilized in prices.

For ammonium metatungstate (APT) market, boosted by stable raw material market and raised offer levels of large companies, smelting factories’ confidence was recovered, even though trading volumes seemed no increase. This week, APT prices would continue to stabilize.

As terminal market remained low trading activities, tungsten powder market continued its stability with rare transactions concluded. The weakness in demand pressed manufacturers. Therefore, most factories remained low operating rate, waiting the next move in the market.

Prices of tungsten products on Mar. 04, 2019

tungsten trioxide price picture