Tungsten Market in China Will Keep Firm and Stable Quotation

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market is thin in trading as many manufacturers have been come into the vacation model and downstream enterprises only purchase on rigid demand. The least price of tungsten concentrate, APT and ferrotungsten maintains stability, with fewer transactions.

The price of tungsten powder and tungsten carbide powder shows signs of rise. On the one hand, the guide prices released on the beginning of the month climb slightly; on the other hand, due to the cold weather in the Eastern China, the power supply is limited for industrial enterprises and thus tungsten powder manufacturers have to reduce the output. As of Friday, tungsten powder price was $41.2-42.6/kg; tungsten carbide price was $41.8-42.3/kg.

Chinese tungsten market will soon be closed with the coming the holiday. Low-price tungsten products keep reducing, meaning a good start for the market trend after the Chinese New Year. But the current market without strong demand will remain firm and stable quotation.

Prices of tungsten products on Feb. 10, 2018

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