Tungsten Concentrate Enterprises Pursue Stability under Environmental Checks

Analysis of latest tungsten market from Chinatungsten Online: Tungsten market in China is caught in heavy wait-and-see atmosphere at the end of June and prices maintain stability. Both supply and demand are weak in the whole industry, but as the environmental checks will soon be finished, plus with coming of off season and capital pressure, insiders think that oversupply will dominate tungsten market in July.  

European companies will soon be closed for a period of time for summer, coupled with weak consumption of smelting factories, tungsten concentrate enterprises face great pressure of sales. Manufacturers now pursue stability under the environmental protection inspection. 

APT price is considered by insiders to hit the ceiling and price may decline with increasing supply in the afternoon market when manufacturers have a larger profits. As manufacturers are reluctant to sell at low prices considering the short supply, it is hard to conclude deals at the current market offers.

Tungsten powder manufacturers face more risks when tungsten raw material prices are at a high level. Downstream enterprises raise the risk consciousness and remain low buying interests. In the short term, tungsten powder price will stabilize.

Prices of tungsten products on Jun. 28, 2018

Chinese tungsten prices picture

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