Ammonium Metatungstate Market Is Quiet Amid Bearish Sentiment

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China were unchanged in the week began on Monday February 18 as market participants slowly came back to the market following the Lunar New Year. But factories would return to the normal production with the end of the Lantern Festival.

In the tungsten concentrate market, boosted by expectation of stricter environmental protection and increased offer levels of large tungsten enterprises, sellers have strong rised mentality. But limited by weak terminal demand, downstream buyers remain low buying interests to raw materials. The sales of tungsten ore become difficult.

Smelting factories mainly take a watchful stance to the relationship between supply and demand. Some traders have willingness of raising prices, boosted by raw material market, but market trading shows no signs of increase. So ammonium metatungstate (APT) prices stabilize on the whole.

For the tungsten powder market, downstream tungsten carbide and product enterprises received few increased orders. Affected by that, insiders are doubtful about the outlook and not active in purchasing tungsten powders. Also, there are some stocks for enterprises themselves. Tungsten powder prices now gain support from good sentiment of raw material side.

Prices of tungsten products on Feb. 22, 2019

Picture of ammonium metatungstate

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