Tungsten Powder Price Is Pressed in March As Insiders Take a Watchful Stance

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continue the stability as market participants remain low trading appetite at the end of March. The value added taxes (VAT) will be declined in April. Affected by that, most insiders are waiting for the market movements next month. 

In the tungsten concentrate market, sellers still incline to raise their offer levels, but considering relatively low trading activity, product prices maintain stability. Affected by declined VAT of enterprises and limited imports from Russia, domestic shipments maintain at a low level. 

Deadlocked supply and demand, lowered offer levels of large companies and large amount of stocks in Fanya Metal press ammonium paratungstate (APT) market. Smelting factories face difficulty of sales and thus stabilize their offer levels. At present, APT manufacturers are cautious to the late market trend.

As terminal enterprises consume goods slowly, tungsten powder manufacturers receive few orders. Domestic tungsten market keeps quiet on the whole and businesses mainly take a watchful stance, waiting for new offers from large companies after the decline in VAT in April.

Prices of tungsten products on Mar. 29, 2019

Picture of tungsten powder

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