Tungsten Powder Market in China Keeps Stable on Weak Demand

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are unchanged from the previous trading day. Although confidence in the raw material markets is boosted, market participants remain cautious to the market outlook. In the short term, mainstream tungsten product prices will hover around new offer levels from listed tungsten companies. 

In the tungsten concentrate market, sellers have strong will to raise product offers at the level of $11,594.2/t, affected by the support of environmental checks and high mining costs. For the demand side, the actual market deals are not stable. Purchasers mainly take a watchful stance at present. 

The APT market is in a stalemate. On the one hand, raw materials are hardly purchased with the increase of production costs; on the other hand, downstream users remain low trading activity. For the tungsten powder market, prices keep stable on capital shortage, unstable trading environment and weak demand.

Prices of tungsten products on Dec. 5, 2019

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Picture of tungsten powder 

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