Muted Demand Puts Pressure on Chinese Tungsten Prices

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to be stable in the week under muted demand in the off season. Customers are reluctant to get back to the market and try to force offers down with tungsten raw material supply resumed. “There is excess of material in the market and insiders raise risk aversion,” a trader said. 

Trading volumes for tungsten concentrate are thin as smelters remain low buying interests. More companies are willing to make sales without cutting profits, supported by environmental checks easing imbalanced supply and demand. Tungsten concentrate prices now hover around $17,692.00 per tonne.

Ammonium paratungstate (APT) supply from China resumes following the end of environmental-related suspensions in Jiangxi, China, leading prices decline and quiet trading activity. Manufacturers drop offer levels in line with guide prices released by large companies. 

The weakness in tungsten powder market puts pressure on downstream alloy and product companies that have fewer orders. Customers appear unwilling to trade in a weakening market and prices tend to decline.

Prices of tungsten products on Aug. 02, 2018

Picture of tungsten carbide powder

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