Weak Consumption for Tungsten Primary Products in China

Analysis of latest tungsten market from ChinaTungsten Online

Trading in the raw material market continues to be thin and thus consumption for tungsten primary products is weak. Before the release of guide prices from large tungsten enterprises and institutions, businesses are generally negative about the outlook. 

Although sellers expect the demand after smelting factories’ recovery and the supply and cost also release good signs, weak demand drags down trading volumes. Traders appear unwilling to trade in a weakening market. 

In the APT market, the rise in the second quarter benefits from environmental checks maintaining supply in a relatively low level, but not increased demand. With production increase, customers would slow down purchasing and seek lower prices. Small-and-medium enterprises may adjust offer levels close to guide prices of large companies.

Cemented carbide and products companies only have fewer new orders on weakening support from cost and low consumption for tungsten raw materials in the off season. Quiet trading activity in the tungsten powder market is pressing down transaction prices.

Prices of tungsten products on Jul. 06, 2018

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