Ferro Tungsten Prices in China Stabilized on Weak Tungsten Market

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China maintained stability with the influence of deadlocked supply and demand in the market. Supported by the cost side, low-price raw materials were rarely concluded, plus with weak demand for products, and China-US trade and economic disputes, the low trading activity of downstream will not increase in the short term despite of declining tungsten product prices. Therefore, most insiders remain cautious sentiment at present. 

Although miners have strong rised mentality, the whole market trading showed no signs of increase. The supply of raw materials remains tight, but most insiders are not optimistic about the outlook. Pressed by the low buying appetite of downstream, traders now focus on low-prices goods while waiting for the new moves in the environmental protection policy. 

The ammonium metatungstate (APT) market is weak on continued contradiction between supply and demand, and there are two major untimely negative factors in the Fanya inventory and Sino-US trade friction. Downstream users are cautious in buying, and the inquiry atmosphere is relatively meager. Without actual trading supported, smelting factories lack production enthusiasm, selling at low profits. 

In the tungsten powder market, the focus of negotiations is still under pressure, especially due to the recent news of Sino-US tariffs. The cautious sentiment in the terminal market is stronger, and procurement of downstream factories is limited. As the buying is difficult to follow, and the demand side remains weak, transaction price of tungsten powder has dropped to $35.2/kg.

Prices of tungsten products on May 16, 2019

tungsten carbide powder price image

Picture of tungsten carbide powder 

tungsten carbide powder image

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