APT and Tungsten Powder Prices Come Under Pressure in China

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices remain weak adjustment in the week to Friday November 22. The bad trading atmosphere covers the whole market and most purchasers make their enquiry at a relatively low level. With limited supports from supply and cost sides, and increased capital pressure, some dealers cut their profits for more sales. 

In the tungsten concentrate market, downstream smelting factories slow down in receiving orders, followed by raw material side that tungsten concentrate prices fell below $15,384.6/t. as sellers have good expectations for the environmental protection, they are reluctant to cut product prices, with fewer transactions. 

New increased orders are fewer in the APT market, coupled with declined new guide prices from large enterprises, manufacturers remain low operating rate. Market confidence is weak despite of fewer inventories in the market. Affected by the thin trading, APT price is expected to continue its weak trend.

Downstream tungsten carbide and product enterprises, influenced by weak manufacturing industry, keep their consumption for raw materials at low levels, which led to quiet tungsten powder market and larger negotiating space. Considering businesses’ weak expectations for price trend, tungsten power price would come under pressure.

Prices of tungsten products on Nov. 23, 2018

Picture of tungsten carbide powder 

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