Tungsten Concentrate Price Stabilized Due to Muted Buying Appetite

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained stable in the week ended on Friday January 18 as buyers and sellers were in a stalemate. Sellers were reluctant to sell their products at low prices while purchasers tried to forcing prices down. So market transactions were hardly concluded and prices hovered around tungsten price forecasts of tungsten associations. 

For tungsten concentrate market, businesses had strong willingness of stabilization. On the one hand, some smelting factories stopped production to undergo repair; on the other hand, downstream entered the market to stock up and thus sale pressure of the raw material side was eased slightly. Considering thin market trading and low buying interests, tungsten concentrate price would stabilize. 

In the ammonium metatungstate (APT) market, the stabilization of cost offered supports for insiders, but terminal market continued to remain low buying appetite. With the approaching of Spring Festival, factories reduced production and market participants took a watchful stance. The market now waits for new guide prices from large tungsten enterprises.

Prices of tungsten products on Jan. 21, 2019

Picture of tungsten powder picture

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