Downstream Smelting Factories Remain Weak Demand for Tungsten Powder

Analysis of latest tungsten market in China from Chinatungsten Online: Market resources in the tungsten market increase while downstream enterprises remain weak demand for raw materials. And with the coming of Chinese Spring Festival, the production line of smelting factories is gradually influenced and market participants mainly wait and see. Therefore, tungsten price in China tend to be stable.

The new round of guide prices for wolframite concentrate decline below $296/mtu, which greatly affects the mentality of buyers and sellers. Tungsten concentrate price will falls sharply in the short term, considering the environmental protection reducing production and reducing enterprises’ stocks.

In the APT market, downstream smelting factories have not strong demand for tungsten raw materials, and maintain cautious mentality. They are now waiting for proper time for stocking up. Some manufacturers expressed that the policy side is supporting the raw material market, but sellers’ reducing profits for more shipments gains no interest from downstream factories. So traders in the APT market trade in a small quantity.

Orders for alloy and finished products remain in a low level, and smelting factories have not high willingness in purchasing tungsten powders. As a result, tungsten powder market trading is quiet. Market participants will follow closely the market trend.

Prices of tungsten products on Jan. 23, 2018

Picture of tungsten powder

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