Tungsten Powder Price Will Remain Weak on Thin Market Trading

Analysis of latest tungsten market from Chinatungsten Online: With the coming of Qingming Festival, domestic tungsten market without the guidance of news keeps quiet. The game between supply and demand is continuing, buyers and sellers remain low willingness in trading and businesses mainly wait for the new guide from large enterprises.

In the tungsten concentrate market, mines start working again, so the supply in the spot market returns to normal, and sellers are more willing to trade. But as tungsten concentrate price has come back the level before Chinese New Year, mines are reluctant to sell at low price. The current 60% wolframite concentrate price hovers around $17,742/t.

Thin trading market makes APT price decline. Downstream factories follow up slowly in purchasing and stocking up and force the enquiry down to $309.8/mtu. The whole APT market is now caught in heavy wait-and-see atmosphere and thus the price may continue to fall.

The availability of tungsten raw materials increase while downstream market’s demand is hard to be improved. So tungsten powder manufacturers still keep cautious attitude towards trading. The rise in alloy product prices is difficult to ease the pressure of selling. Without the support of orders, tungsten powder price will remain weak.

Prices of tungsten products on Apr. 03, 2018

Picture of sodium tungstate

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