Lower APT Guide Prices Further Weakened Market Confidence

Analysis of latest tungsten market from ChinaTungsten Online

Usual quiet trading activity in tungsten market has pressured down prices in China so far this week, with the prospect of further falls if continuing imbalanced supply and demand. Xiamen Tungsten released its new guide prices for APT on Monday, lowering by $3.5/mtu to $305.4/mtu.

In the tungsten concentrate market, under the background of off season at home and abroad, although operating rate of downstream factories increases slightly, purchasers remain low buying interest. The imbalanced supply and demand is not eased effectively and traders cut their profits to move materials in some regions, resulting lower transaction prices. 

Weaker guide prices from large tungsten enterprises affect market confidence and APT price appears to continue downward trend. After the environmental protection inspection, tungsten market faces pressure from weak demand and increasing supply. The whole market outlook now is negative, but prices will not decline sharply.

Terminal product sales cannot be expected in tungsten powder market, weakening consumption for tungsten raw materials. The trade war between China and America makes market participants more cautious in trading. Short-term tungsten powder price will remain weak adjustment.

Prices of tungsten products on Jul. 17, 2018

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