China’s Tungsten Price Stabilizes at the Beginning of May

Analysis of latest tungsten market from Chinatungsten Online:

Due to the tightening availability of spot goods, domestic tungsten price keeps stable at the beginning of May. Businesses now have strong rised mentality while market demand shows no signs of improvement. Therefore, China’s tungsten market is caught in wait-and-see atmosphere, waiting for the new guide prices.

In the tungsten concentrate market, sellers are reluctant to sell to support high product prices and with the continuous short low-price resources, enterprises raise their offers. Some insiders worry the recovered production in mines would increase the goods, which may damage market confidence. This week, tungsten concentrate price will not change largely.

Supply of goods in smelting factories is tight, quotation in some regions continues to rise and enquiry becomes more active in APT market. But considering the thin market trading, downstream smelting factories remain low buying interest and transactions at high price are limited.

Tungsten powder manufacturers keep stable quotations and downstream alloy and product enterprises are still cautious on receiving orders, with limited purchases. The whole trading volumes need to be followed up. Under the thin supply and demand, manufacturers would hold wait-and-see atmosphere and tungsten powder price will stabilize.

Prices of tungsten products on May 3, 2018

Picture of tungsten powder

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