APT Price Is under Pressure on Rare Spot Goods and Weak demand

Analysis of latest tungsten market from Chinatungsten Online: Tungsten prices in China maintain stability earlier this week due to the uncertain supply-demand side and capital flows at the end of this month. Traders now are reluctant to trade and transaction prices are hard to be raised this week.

In the tungsten concentrate market, smelting factories are expected to resume production in July, increasing the expected consumption for tungsten raw materials. Tungsten miners have difficulty in maintaining current product prices as some traders though facing capital pressure want to sell their products. In the short term, tungsten concentrate price will be under pressure.

Although environmental checks offer supports for costs and supply, tight spot goods and weakness in demand make insiders negative about APT price in the third quarter. Manufacturers maintain stable offers as their little stocks of spot goods.

Prices of tungsten products on Jun. 27, 2018

Picture of tungsten powder

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