Tungsten Powder Enterprises Are Reluctant to Trade in a Weakening Market

Analysis of latest tungsten market from ChinaTungsten Online

Low trading activity in tungsten concentrate market is pressing down tungsten product prices as well as psychological prices of buyers. It is hard to do the sales in the market when the tax policy was canceled. 65% wolframite concentrate was quoted at $16,461.5-16,769.2/t and 65% scheelite concentrate was quoted at $16,307.7-16,615.4/t.

At present, APT price is in a downward trend. Buyers decline offer levels to around $295.5/mtu as no deals have been done at $300.7/mtu, sources said. Major smelting factories are busy in order delivery and spot goods are quoted by sellers at $299.0-300.7/mtu with relatively tight supply.

Customers appear reluctant to purchase except for rigid demand as tungsten powder enterprises are negative about the outlook. For major tungsten powder companies, facing the weakening market, they stabilize tungsten powder prices at $41.8-42.5/kg and tungsten carbide powder at $41.8-42.0/kg.

July is a slow period for tungsten market in China while some companies besides China will be closed for summer holiday, so the whole market demand is weak. But most enterprises still have confidence in August-September market. ChinaTungsten Online forecasts that the room for price adjustment will narrow in a weakening market.

Prices of tungsten products on Jul. 20, 2018

Picture of tungsten powder

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