Stricter Environmental Checks Will on Chinese Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online: The environmental checks affect Chinese tungsten market greatly. The operating rate of APT smelting factories is low, boosting prices of products related with tungsten powder and tungsten carbide powder. Although miners have poor shipments, they are reluctant to lower product offers. 

Terminal demand is the weakness of the market. On the one hand, affected by the tight supply of APT, the availability of tungsten raw materials becomes more difficult than before; on the other hand, high APT prices limit purchasers’ consumption for raw materials.

Buyers and sellers are now in a stalemate with heavy wait-and-see mood. The supply of tungsten raw materials will continue to be tight and demand in terminal market poor. On the whole, short-term tungsten price will be stable and insiders are optimistic about the afternoon market.

On order to better take the responsibility to the environmental protection and continue to improve air quality in major regions, the National Environment Agency decides to make further efforts on air pollution control in key areas from June, 2018 to April, 2019. The new round of inspections not only extends the scope of checks, but also will take stricter supervision.

Prices of tungsten products on Jun. 14, 2018

China tungsten products prices picture

Picture of tungsten powder

tungsten powder picture

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