Transaction Are Thin in Chinese Tungsten Market on High Raw Material Prices

Analysis of latest tungsten market from Chinatungsten Online: As the new average prices from institutions and large tungsten enterprises will soon be released, market participants in Chinese tungsten market maintain mild mentality, waiting for clear guidance in the market. 

In the tungsten concentrate market, although the demand side is not optimistic, businesses are willing to stabilize the market with the support of production costs and reduced risks. This round of environmental protection checks reducing smelting factories’ production, so spot goods in the APT market is tight. Downstream traders have strong rised mentality while downstream buyers do not accept high tungsten raw material prices. Under the both weak supply and demand, high-price transactions are thin.

Prices of tungsten products on Jun. 06, 2018

Picture of tungsten powder

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