Terminal Demand in Tungsten Powder Market Remains Weak

Analysis of latest tungsten market in China from Chinatungsten Online: Affected by financial strain and moderate attitude of large tungsten enterprises, there have trading in some areas. But as the cold winter and environmental protection is continuing, production in mines will be limited. Therefore, the space of rise is limited before the holiday.

In the tungsten concentrate market, businesses have good mentality. But with the approach of Spring Festival and capital pressure, smelting factories have no great demand for raw materials. Some sellers sell their products when profits are acceptable, and market trading seems to increase.

tungsten powder picture

Spot resources of APT are tight due to reduced production of smelting factories, and customers remain low willingness in stocking up. APT manufacturers with heavy wait-and-see attitude reduce their transactions and produce mainly according to long-term orders.

Terminal demand in the tungsten powder market remains weak. Downstream alloy and finished products enterprises are cautious in purchasing high-price raw materials, so market trading is less. The production cost now is high for smelting factories.

Taken together, supply, demand and capital are all short in Chinese tungsten market. Under the heavy wait-and-see atmosphere in the market, mainstream tungsten price is expected to stabilize. Some regions may rise slightly.

Prices of tungsten products on Jan. 10, 2018

tungsten powder price picture

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