Tungsten Market in China Is Weak in Supply and Demand

Analysis of latest tungsten market from Chinatungsten Online: Tungsten market in China is both weak in supply and demand, the flow of goods from upstream to downstream industry chain is greatly affected by the environmental checks. Market trading is thin as both sellers and buyers are caught in wait-and-see atmosphere. Offers of mainstream tungsten products have been remained stable recently.

Miners hold good expectations for the environmental protection, production costs and the recovery of downstream smelting factories and thus they have strong rised mentality. Considering the limited production and weak consumption of downstream market, tungsten concentrate market faces risks of imbalanced supply and demand and prices would be stable. 

APT smelting factories have to postpone their recovery plans due to stricter environmental protection policy. The resources shortage and low buying interests for high-price tungsten raw materials press market trading. If there have not any movement from the environmental protection policy and demand side, APT price will be in a stalemate.

In the tungsten powder market, prices are difficult to rise. On the one hand, the deadlocked product cost makes downstream enterprises postpone their plans for stocking up; on the other hand, weak demand and coming of off season increase the pressure of rise. The actual transaction prices of tungsten powder are difficult to break though $46.00 per tonne at present.

Prices of tungsten products on Jun. 15, 2018

China tungsten price picture

Picture of tungsten powder

tungsten powder picture

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