China Tungsten Market Stabilizes in Late April , Waiting for Further Direction

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere on quiet fundamental news and thin market trading. Most buyers have not the willingness in stocking up while upstream suppliers also are reluctant to sell their products at low prices. Therefore, the upstream and downstream is in a stalemate. 

Under the environmental protection inspection, the instability in operating rate of miners means the possibility of reduced supply and that boosts market confidence. Tungsten concentrate sellers seek for transactions at high prices, but the demand side seems inactive in trading. Market transactions are hardly concluded. 

The supply and demand pressures in the ammonium metatungstate (APT) market are obvious. With the consideration of cost, smelting factories try to sell at steady prices, and some factories cut production to reduce inventories. Affected by the declined offers of large companies and poor consumption in the terminal side, the market now is stable. 

Downstream tungsten carbide and product companies receive fewer new increased orders and are not active in purchasing raw materials. Tungsten powder manufacturers are supported by upstream costs but still take a watchful stance for the outlook. At present, tungsten powder market is weak.

Prices of tungsten products on Apr. 26, 2019

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >