Tungsten Powder Price Is Weak Under Stricter Environmental Protection

Details: Category: Tungsten's News; Published on Thursday, 15 November 2018 11:36

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remain weak adjustment on thin trading volumes, pressure of funds and bad market sentiment. In the short term, businesses wait for the next move in tungsten average prices released by large enterprises and terminal demand.

In the tungsten concentrate market, downstream enterprises remain low buying interests, lowering market sentiment. Although environmental protection supports the bottom of market prices, trading volumes seem hard to improve. The tight supply in mines cannot benefit the market due to thin trading. High grade tungsten concentrate prices stabilize at $15,384.6/t.

Buyers and sellers are in a stalemate in the APT market. Some traders consider profit-taking, which further press down market prices; some of them pressed by high production costs become more cautious about trading. Currently, spot goods are rare, terminal customers are not active in enquiry. Manufacturers stabilize their offer levels at $278.2/mtu, but actual transaction prices show signs of decline.

Trading atmosphere besides China is not very good in the tungsten powder market. And the stricter environmental protection causes fewer trading volumes in downstream tungsten carbide and product enterprises, plus weaker raw material prices, purchasers’ will in inquiry does not increase. Tungsten powder price is weak at $38.5/kg.

Prices of tungsten products on Nov. 15, 2018

tungsten powder price picture