Tungsten Marker Price Is Expected to Decline in the Short Term

Details: Category: Tungsten's News; Published on Monday, 26 March 2018 19:38

Analysis of latest tungsten market from Chinatungsten Online: Last week，tungsten raw material market was suppressed by bearish factors after the decline in guide prices from large enterprises for late March. The price of ferrotungsten, sodium tungstate and tungsten powder was adjusted slightly, but products in high quotation were hardly to be concluded, more transaction prices mainly concentrated in the floor level. Sellers started reducing product prices for more transactions while downstream customers purchased at a relatively low price.

Negative factors mainly dominant the whole tungsten market at the time being. Supply in the tungsten raw material side is sufficient, but terminal demand becomes weaker, plus bad mentality of market participants, tungsten market price is hard to rise in the short term. 65% wolframite concentrate price drops to $17,055/t and APT price also falls to $298/mtu.

Prices of tungsten products on Mar. 26, 2018

tungsten marker price picture