Deadlocked Supply and Demand in the Tungsten Powder Market

Analysis of latest tungsten market from Chinatungsten Online:In the tungsten concentrate market, due to the environmental protection inspection boosting market confidence, low-price products are reducing. Downstream purchasers remain cautious attitude towards buying, which limits terminal demand. On the whole, tungsten concentrate price is difficult to rebound given the quiet market trading.

The availability of tungsten raw materials becomes tight and smelting factories raise risk aversion in the APT market. Some manufacturers intend to increase their offers due to decreased spot goods. But market demand has been maintained weak for a long time, so the deadlocked supply and demand would will in the short term. APT price will stabilize.

Considering the buying interest of downstream alloy and product enterprises and weak terminal demand, traders are just waiting for the next move in the tungsten powder market. Tungsten powder price without the support of favorable news is likely to range in a narrow space.

Prices of tungsten products on Apr. 18, 2018

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