Chinese Tungsten Prices Declined in Anticipation of Weak Demand

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices were in a downward trend last week on the weakness in both demand and funds. Although environmental protection policy offers supports for the supply and production costs, trading activity is still thin in the off season. Insiders now are not optimistic about market expectation. 

In the tungsten concentrate market, traders’ profit margins drop owing to low buying interests, although downstream smelting factories restart work. Thin trading volumes weaken market participants’ trading confidence. At present, tungsten concentrate price is under pressure, hovering around $16,153.8 per tonne.

APT price continues to drop on the continuous weakness in demand. Downstream alloy and product enterprises’ consumption for raw materials is limited because of reducing orders. Traders hold wait-and-see mentality, waiting for market moves.

Prices of tungsten products on Jul. 30, 2018

Picture of tungsten powder

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