Tungsten Carbide Powder Prices in China Declined on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten powder and tungsten carbide powder prices declined slightly due to continued weakness in the demand side and no clear guidance from the fundamental. 

Most large tungsten companies lowered their offer levels for the first half of May, so traders seemed to take a watchful stance, waiting for new guide pries for the second half of this month. Smelting factories’ profits were squeezed and were hard to transfer their pressure to cost or demand side. Given that, the ammonium metatungstate market is in a stalemate. In the short term, the tungsten market is expected to remain weak.

Prices of tungsten products on May 14, 2019

Picture of tungsten carbide powder

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