China Tungsten Powder Prices Continued Downward Trend

Analysis of latest tungsten market from ChinaTungsten Online

Margin in mine enterprises was squeezed, although limited production under Chinese environmental checks. Tungsten concentrate sellers were not willing to sell at low prices and buyers entered the market slowly. Thin trading volumes pressed down market prices. Tungsten concentrate prices declined to $15,384.6/t.

Amply supply and weak demand made most APT customers cautious in trading. As buyers were unwilling to purchase products in a weakening market, transactions in APT market are rare and prices tended to drop.

In the tungsten powder market, the relationship between supply and demand was in a stalemate. Some market participants were optimistic about price trend while others expected further falls. Tungsten powder prices continued downward trend. 

Prices of tungsten products on Aug. 29, 2018

Picture of tungsten powder

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