Chinese Tungsten Prices Keep Stable with Good Momentum

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices register stable performance with good momentum for growth this week. On the one hand, smelting factories are will to raise offer levels with supports from tight supply and high production costs; on the other hand, downstream enterprises are reluctant to purchase lots of raw materials under poor environment at home and abroad. 

In the tungsten concentrate market, the continuous low product prices in previous stage have cut miner’s profits. And limited by low inventories and stable cost side, tungsten ore sellers have strong rised mentality since September. Transactions at high offers are hardly done. 

APT prices keep firm on high production costs, with a prospect of further higher when low-price spot goods become tight and enterprises’ mentality got a boost. At present, buying interests in the market still are low. Owing to deadlocked supply and demand in tungsten powder market, prices keep steady in the short term.

Prices of tungsten products on Sep. 29, 2018

Chinese tungsten prices picture

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