Tungsten Concentrate Price Keeps Range-bound on Weak Demand

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment in the week to Friday November 2. The environmental protection becomes stricter reducing production of raw materials and limiting customers’ consumption. Bad trading atmosphere pressed down mainstream tungsten prices. Before the clear new tungsten guide prices, sale and purchase will be in a stalemate. 

In the tungsten concentrate market, downstream smelting factories kept limited purchasing orders, but affected by environmental checks, stocks of raw materials were under control. Considering both weak supply and demand, tungsten concentrate price is at fluctuations dilemma.

Ammonium paratungstate (APT) manufacturers have strong rised mentality, although production was limited. At the same time, market trading was thin and downstream factories entered the market slowly. APT price now is weak and shows signs of decline. 

Confidence in the tungsten powder market was weak affected by firm raw material prices but poor trading volume. Terminal tungsten alloy products also remained low buying interests, which pressed tungsten powder prices hovering around $38.5/kg.

Prices of tungsten products on Nov. 05, 2018

Picture of tungsten carbide powder

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