Trading Is Thin in Tungsten Powder Market

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten price in China remains weak adjustment this week. Terminal demand is still weak in the market, but tungsten goods increase as sellers are gradually reducing their stocks. Transaction prices for raw materials are being pressed down. Tungsten market in China now is caught in heavy wait-and-see atmosphere.

The current prices of tungsten ore are generally higher than mines’ production costs, and the influence of environmental protection limiting production will be reduced. But the increase in spot goods would urge customers to lower purchase prices and sellers would be more willing to sell. The price of tungsten concentrate is likely to fall.

APT manufacturers cut stocks distinctly, some of them even selling one hundred tons. Prices ranging from $306.6-301.3/mtu all have deals. Smelting factories make profits by reducing stocks of APT with tungsten sand.

In the tungsten powder market, alloy and finished products enterprises have less orders and trading volumes in the downstream market still are thin. While miners raise their willingness in selling raw materials, most manufacturers tend to maintain current market price. Tungsten powder market will remain thin this week.

Taken together, market confidence is now the key for tungsten market in China. Though price only falls slightly, follow-the-trend mentality doubtlessly increases the action. Besides, main large tungsten enterprises are conservative in market price, which gives no support for the market in pricing and purchasing. Chinatungsten Online forecasts that the decline in price is the main trend of tungsten market in the short term, but tungsten enterprises need more to be cautious.

Prices of tungsten products on Jan. 12, 2018

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