Chinese Tungsten Prices Continue the Downward Trend

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to remain weak adjustment in the midweek as terminal demand still limits the price rebound. Downstream factories’ ability for consuming raw material decreases and thus market trading is thin. In the short term, prices of mainstream tungsten products will continue the downward trend.

In the tungsten concentrate market, pressed by weak demand and capital shortage, buying is just needed and dealers embraced with a sense of worry lower product prices moderately. Market participants at home and abroad seem inactive in stocking up before the holiday of New Year's Day. The late market prices may still have room for adjustment if there have no any other substantive initiatives. 

Smelting factories face capital pressure, but some are reluctant to sell at cheap prices due to low stocks, while others cut product profits for more sales. Transaction prices come under pressure at present. Therefore, APT prices may decline faster than raw material prices. 

Downstream tungsten carbide enterprises have difficulty in receiving new orders in the tungsten powder market. Market supply and demand is in a stalemate and insiders now have poor confidence. Transaction prices seem to be declined further.

Prices of tungsten products on Dec. 13, 2018

Picture of tungsten carbide powder 

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