China Tungsten Prices Remained Weak Adjustment in May

Details: Category: Tungsten's News; Published on Tuesday, 04 June 2019 17:12

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment in the week ended on Friday May 31. On the one hand, it was hard for sellers to raise product prices and thus they became active to sell products but transactions were rarely concluded; on the other hand, low trading activity of terminal market weakened confidence of traders.

Downstream factories remained low operating rate, resulting in reduced orders for raw materials. Trading in the tungsten concentrate market hereby decreased and prices were hard to keep firm. APT price continued to drop under the environment protection, unstable trader environment and worry for inventories in Fanya. Buyer and seller have different expects for the late market in June. Smelting factories kept low inventories, stabilizing current offer levels and guarding against risks of price inversion.

Prices of tungsten products on June 3, 2019

tungsten carbide powder price image