Tungsten Powder Prices in China Stabilized in November

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the ferro tungsten and tungsten powder prices in China remained stable from last week due to low trading activity and deadlocked supply and demand. 

In the tungsten concentrate market, sellers were caught in the mental conflict that they wanted to have more sales but still had strong rised mentality at the same time. On the one hand, downstream buyers required lower prices, making transactions reduced; on the other hand, mining enterprises faced risk of price inversion and cutting prices did not stimulate terminal market's demand. So the market will remained weak adjustment in the short term. 

In the ammonium metatungstate (APT) market, smelting factories had pressure of imbalanced supply and demand, capital shortage and biddings of the market. Most of manufactures reduced their production. In the short term, insiders will mainly focus on new offer levels from listed tungsten companies.

Prices of tungsten products on Nov. 19, 2019

Picture of tungsten powder 

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