Tungsten Powder Price Will Maintain Stability on Coming of Labor Day

Analysis of latest tungsten market from Chinatungsten Online: Though businesses have good expectation for late market price, the increasing raw material supply and weak market demand press the rise in price. Downstream enterprises are not willing to accept high quotations and the market trading is in a stalemate. In the short term, mainstream transaction prices will not change sharply.

After a period of stocks consumption, sellers are reluctant to sell low-price tungsten concentrates. Under the tight spot goods, downstream factories stil have some stocks, so high-grade tungsten concentrate price is hard to rise further, hovering around $17,742/t.

In the APT market, suppliers and manufacturers have little spot goods, which encourages downstream customers to enter the market to make an enquiry, but seldom transactions are concluded. The quotation for APT now approaches $318.9/mtu and actual transaction prices mainly concentrate on $311.6/mtu.

Downstream rigid demand has not improved in the tungsten powder market, making cemented carbide and product enterprises cautious on their purchasing. Considering the limited support from tungsten raw material market and the approaching of Labor Day, tungsten powder price will maintain stability this week.

Prices of tungsten products on Apr. 27, 2018

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