APT Market Is Thin in Trading and Price Declines

Analysis of latest tungsten market in China from Chinatungsten Online: As raw material enterprises are more willing to sell their products, goods that can be sold in the market increase sharply. While downstream factories still remain low rate of operation, the supply exceeds demand and tungsten price in China starts to fall.

After tungsten institutions and large enterprises showing conservative attitude towards the tungsten concentrate market, sellers think that the highest point of tungsten price before the Chinese Spring Festival has reached, and thus they raise the willingness of selling. But as downstream enterprises are bearish on market price, the demand is weak. The unbalanced relationship between supply and demand results the decline of tungsten concentrate price.

tungsten powder picture

Approaching the Chinese Spring Festival, APT market is thin in trading and some traders crash out to further decline the market price. In addition, the demand in the downstream market continues to be weak. APT price may continue to decline.

Processing factories’ demand for tungsten powder is maintaining in a moderate level, and the quantity of replenishments is not increased. Therefore, tungsten powder manufacturers are waiting for the latest movements from tungsten market. The oversupply in raw materials has caused the decline in high-price transactions as well as market trading. Short-term tungsten powder price will falls slightly.

Taken together, tungsten price in China will no longer be stable, with the continuous weakness in demand and oversupply in raw material market. If there have no good news coming from the government, tungsten price will remain weak adjustment.

Prices of tungsten products on Jan. 16, 2018

tungsten products price picture

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