Tungsten Powder Prices in China Are Expected to Be Under Pressure

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remained stable on deadlocked supply and demand. The average tungsten forecast prices of Ganzhou Tungsten Association and offer levels of listed companies for March were mixed, showing insiders’ different expectations for upstream and downstream price trends. 

Output of mines is limited during China’s Two Sessions, plus the support of sellers’ strong rised mentality, tungsten concentrate market remains tight supply and high prices. Downstream factories consume raw materials slowly, so the market also has prices but no sales. Considering raised guide prices of large enterprises but weak demand, raw material market would continue to stabilize in the short term. 

Xiamen Tungsten’s offer for APT for the first half of March was $264.2/mtu, unchanged from last time. The stabilization means a conservative attitude of listed tungsten companies, which intensifies the wait-and-see atmosphere of the market. Manufacturers are not active in producing while terminal demand remains thin. On the whole, the offer levels would be unchanged.

Downstream alloy and product enterprises have not high enthusiasm in stocking up and declined guide prices for tungsten powder also weakens market confidence. Insiders are not clear for market outlook. In the short run, tungsten powder prices are expected to be under pressure.

Prices of tungsten products on Mar. 07, 2019

Picture of tungsten trioxide 

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