Tungsten Carbide Powder Prices in China Remained Weak on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China remained weak due to imbalanced relationship between supply and demand. The demand continued to be sluggish while the supply became increase. The uncertainty in funds and policies also affected trading atmosphere of purchasers and speculators. But firm costs supported the stability of the market.

In the tungsten concentrate market, smelting factories starting to wok and sellers' profit-taking mentality increased the production of tungsten ores. While downstream has limited power in taking orders. So the market was under pressure with rare transactions concluded above $13,043.5/t. 

The APT market was caught in heavy wait-and-see atmosphere with stabilized prices and thin market trading. Most manufacturers made offers mainly referring to guide prices of listed companies. Tungsten powder market also was in a weakening situation as downstream tungsten carbide products remained low willingness of purchases and market atmosphere was low.

Prices of tungsten products on Oct. 30, 2019

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