Tungsten Concentrate Price Set to Stabilize Under the Continuous Weak Demand

Analysis of latest tungsten market from Chinatungsten Online:With the decline of tungsten concentrate price and consumption of low-cost inventories, the panic in the whole market becomes calm and most sellers are reluctant to sell. Under the continuous weak demand, tungsten concentrate price would be hard to rise.

In the APT market, price of tungsten ore stabilizes and tightening availability of spot goods raises manufacturers’ confidence. And now the environmental protection inspection and attitudes of large tungsten enterprises towards the second half of April would be the focus of the market. Quotation in the smelting factories come back to $308/mtu and market enquiry increases, but actual trading needs to be followed up.

Supply and demand in the tungsten powder market is in a stalemate. Downstream alloy and product enterprises are still cautious on purchasing, so new orders are rare. In the short term, tungsten powder enterprises mainly wait the next move in the market and product prices would be stable.

Prices of tungsten products on Apr. 19, 2018

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