Low Buying Interests in Tungsten Powder Market in China

Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy, goods in the spot market are tight, thin trading volumes weakens traders’ rised mentality and market offers stabilize. Chinese tungsten market is now caught in heavy-wait-and-see atmosphere. 

The continuous weakness in downstream consumption makes ample supply of spot goods in the tungsten concentrate market. But smelting factories reducing production for over a month eases the oversupply to some extent. At present, manufacturers are not willing to lower their product prices despite poor shipments. 

The operating rate in smelting factories is still low, which makes manufacturers keep firm offers. But considering customers’ low acceptance to high-price tungsten raw materials and poor market trading, transaction prices for APT mainly hover around $328/mtu.

In the tungsten powder market, downstream enterprises remain low buying interests and tightening availability of tungsten raw materials makes businesses hard to raise product prices. This week, tungsten powder enterprises will mainly focus on the production of smelting factories and offers from large tungsten enterprises.

Prices of tungsten products on Jun. 13, 2018

China tungsten price picture

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