Chinese Tungsten Prices Continue to Stabilize Due to Quiet Market
- Details
- Category: Tungsten's News
- Published on Friday, 20 December 2019 18:48
Analysis of latest tungsten market from Chinatungsten Online
Chinese tungsten prices continue to maintain stability owing to deadlocked supply and demand, and heavy wait-and-see atmosphere in the market. The market now mainly benefits from miner's strong rised mentality, but also is impacted by the weakness in the demand side.
In the tungsten concentrate market, transaction prices stabilize, but volumes are hard to increase in the short term considering weak support from downstream users. With the slowdown of raw material production, pressure of shipments eases slightly and sellers are not willing to sell at low prices.
The APT market is pressed by high production costs, weak demand side and the uncertainty on the macro side. Smelting factories have been reduced production activity recently, remaining cautious to trading. And for tungsten powder market, it remains stable and expects to continue this trend in December.
Prices of tungsten products on Dec. 20, 2019
Picture of tungsten carbide powder
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