China Tungsten Market Was Weak with Rare Transactions Concluded

Details: Category: Tungsten's News; Published on Monday, 25 March 2019 18:16

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices maintained stability in the week to Friday March 22 on firm raw material prices but high pressure of smelting factories. Considering the deadlocked supply and demand in the market, market participants mainly take a watchful stance.

After the end of China’s Two Sessions, the production of mines did not increase rapidly, but affected by domestic control for total mining and banned imports of Russian mines, the supply of raw materials is expected to remain tight. The market now has prices but no sales and the transaction prices mainly stabilize at $15,625/t.

In the ammonium paratungstate (APT) market, the contradiction between supply and demand became more apparent last week. Smelting factories were under pressure due to high production costs. In addition, weak guide prices from Xiamen Tungsten and Zhangyuan Tungsten also lowered trading activity of traders. So APT price kept stable.

Downstream tungsten carbide and product enterprises still received fewer orders and were not willing to buy raw materials at high prices. The tungsten powder market was caught in heavy wait-and-see atmosphere with rare transactions concluded.

Prices of tungsten products on Mar. 25, 2019

tungsten powder price image