Chinese Tungsten Price Continues Its Downward Trend

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten price remains weak adjustment amid low demand in off-peak season, environmental inspections and a poor external environment. Market participants have different opinions on the outlook, with a caution in trading.

Downstream factories remain low buying interest in purchasing tungsten raw materials. Some sellers expect that imbalanced supply and demand may be eased with the end of European summer holiday and beginning of new environmental checks.

Ammonium metatungstate (APT) production returns while consumption decreases. As a result, the demand side becomes weak and terminal industry mainly purchases what they need. Tungsten powder enterprises also face treat pressure to drop offer levels. In the short term, APT and tungsten powder prices will continue its downward trend.

Prices of tungsten products on Aug. 24, 2018

Picture of blue tungsten oxide

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