Low Buying Interest in Tungsten Raw Material Market

Analysis of latest tungsten market from Chinatungsten Online: The decline in tungsten price in previous stage reduces some risks, plus a new round of environmental protection strengthens the mindset, sellers resist the further decline in price. But considering the pressure in supply and demand side, part of downstream purchasers still try to force price down and actual transaction prices are hard to be stable.

In the tungsten concentrate market, the recovery of mine production weakens market confidence and sellers keep low willingness of profit-taking. Besides, the environmental protection policy boosting market and good expectation for supply and production cost brings good news for the market. 65% wolframite concentrate price hovers around $17,580.60/t.

Though low-price tungsten raw materials are reducing and market trading is limited by the demand, APT manufacturers wait and see, maintaining low buying interest. Transaction prices of APT are $308/mtu.

Tungsten raw material market is now supporting tungsten powder market, but orders for terminal products are rare, so downstream alloy and product enterprises are not active in purchasing. Under the deadlocked supply and demand, smelting factories are caught in heavy wait-and-see atmosphere and tungsten powder price changes depending on market trading.

Prices of tungsten products on Apr. 17, 2018

ammonium tungstate price picture

Picture of ammonium tungstate

ammonium tungstate picture

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