Enterprises Tight Funds Limit Sodium Tungstate Price Rise in China

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten price in China is in a downward trend with limited transactions and weak market mentality, affected by short supply and weak demand. Market participants now have low willingness in trading and downstream customers try to press price down.

In the tungsten concentrate market, the operating rate in mines declines and with the influence of environmental protection, supply of tungsten sand is limited. Downstream smelting factories’ orders for raw materials decrease sharply compared with last month, so market trading is hard to be improved.

APT manufactures lower their quotation when raw material market becomes weak. Considering the limited production and low operating rate of smelting factories, thin APT market continues. APT price will not change sharply in the short term.

Downstream alloy and products enterprises slow their pace for purchasing and producing, and continue to adjust product quotations. With the continuous weak demand and quiet policy news, powder manufacturers are cautious and mainly produce with old customers’ rigid demand.

On the whole, the supply and demand in the tungsten market is in a stalemate, smelting factories will reduce production and market participants are bearish on the market. Therefore, tungsten price is likely to maintain weak adjustment.

Prices of tungsten products on Jan. 19, 2018

Picture of sodium tungstate

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