Tungsten Concentrate Price Stabilized in China at the end of February

Details: Category: Tungsten's News; Published on Friday, 01 March 2019 17:38

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten price continues its stability because the supply and demand sides are still in a stalemate and spot goods are consumed slowly. The market is caught in heavy wait-and-see atmosphere at the end of this month with rare transactions concluded.

In the tungsten concentrate market, downstream buyers purchase exactly what they need and thus sellers’ high-price resources only got few inquiries. The production capacity of mines is under controlled. Tight supply of raw materials supports tungsten concentrate price.

Ammonium metatungstate manufacturers’ rised mentality is supported by stable offer levels of listed companies, but buyers do not accept high-price products. Considering weak downstream demand, manufacturers would adjust their offer levels close to guide prices of large companies.

For tungsten powder market, thin trading inquiry from downstream reduces tungsten carbide and product enterprises’ enthusiasm in purchasing raw materials while raw material market offers supports for the market to some extent. Given that, tungsten powder price keeps stable.

Prices of tungsten products on Mar. 01, 2019

ammonium metatungstate price picture