China’s Tungsten Price Is Expected to Rise, Limited by Weak Demand

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten raw material market showed upward trend at the end of April. Under the tight expectation for spot goods, the environmental protection inspection no doubt would reduce the production, but also gives certain support to the market. Downstream customers do not accept high quotations while sellers are not willing to sell at low price. After the Labor Day, tungsten price is expected to rise, but limited by weak demand.

In the tungsten powder market, low-cost resources reduced and manufacturers’ quotations still maintain stability. With the recovery of APT price, tungsten powder enterprises are likely to raise their quotation on the increasing production costs. Tungsten powder price was quoted at $43.9-44.0/kg and tungsten carbide powder was quoted at $43.4-43.6/kg.

Prices of tungsten products on May 2, 2018

Picture of tungsten powder

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