Tungsten Enterprises’ Guide Prices for June Stabilize

Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten price continues be deadlocked this week amid the price of tungsten oxide, tungsten powder and tungsten bar has been remained unchanged recently. 

Tungsten market is caught in heavy wait-and-see atmosphere, considering the environmental protection policy and stabilization of new guide prices from large tungsten enterprises. According to Xiamen Tungsten, the offer for APT for the second half of June is $322.6/mtu, unchanged from the first half of this month. 

Insiders think that smelting factories are expected to resume work in July as the environmental checks last for one month is coming to an end. The good expectation for late fundamental risk boosts market confidence. Although buyers try to force price down, manufacturers face little pressure of sales due to tight supply of spot goods, so APT price still hovers at a high level.

Prices of tungsten products on Jun. 22, 2018

Picture of tungsten carbide powder

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