China Tungsten Powder Market Is Under Pressure With Intense Competition

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued deadlocked supply and demand in the market. The raw material side stabilizes their offer levels with fewer low-price resources; downstream buyers are not active in inquiry with low consumption; smelting factories are under pressure, some of them even reduce production to stabilize product prices.

In the tungsten concentrate market, the control in raw material production supports tungsten ore prices and also benefits downstream product pricing in the cost side. Sellers now have not high acceptance for tungsten concentrate offers of $14,765.6 from large companies, but the pricing is actual controlled by the demand side. 

The relatively stabilization in the upstream eases the pressure brought from the imbalanced supply and demand to some extent. While downstream buyers’ acceptance for raw material prices is affected by market trading. Now, the whole ammonium metatungstate (APT) market is thin. Smelting factories try to avoid risk of price inversion; some of them even tend to stop production.

Orders in downstream tungsten carbide and product enterprises do not increase as terminal buyers remain low buying appetite. Tungsten powder market now is under pressure with intense competition. In the second half of April, the market is expected to be weak.

Prices of tungsten products on Apr. 19, 2019

ammonium metatungstate price image

Picture of tungsten powder 

tungsten powder image

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