China Ammonium Metatungstate Prices Continue the Downward Trend in Late June

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate prices in China continued the downward trend. Although the supply of raw materials gradually showed signs of decrease, the persistent weakness in terminal market dragged market priced down. Some enterprises competing with each other and downstream demanding for lower prices affected the stabilization of tungsten prices.

However, it is undeniable that the current supply and demand pattern of the tungsten industry chain is under adjustment. Insiders are not optimistic about the market demand with the approaching of traditional off season. But affected by the heavy rains in major tungsten production areas, such as Jiangxi and Hunan provinces, taking Jiangxi Tungsten as an example, its production capacity of tungsten concentrate is expected to decrease by 15-20 percent in the first half of this year due to the weather. Also, companies jointing together to reduce production also means a shortage of supply. 

In addition, the product prices are constantly weakened and close to the cost line, which enhances companies’ pressure of price inversion. Market participants raise their willingness of bottoming out and the demand side may stock up when prices are at a relatively low level. 

Prices of tungsten products on Jun. 27, 2019

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.

• < Prev
• Next >