China Tungsten Carbide Powder Price May Decline on Increased Supply

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China start to show sign of decline due in part to increased spot resources as some sellers are will to make shipment for more profits. 

However, the adjustment may be limited. On the one hand, the cyclical and rational callbacks are actually conductive to reduce the risk of high level; on the other hand, the supply and demand fundamentals are expected to be slowly improved following the implementation of epidemic prevention and control measures and economic stimulus policies, as well as downstream new energy and other new infrastructure industry construction. 

In the tungsten concentrate market, demand seems not improved in Golden September with the approaching of National Day holiday. Most suppliers consider profit-taking after previous price rise and stabilize their offers at about $12,794.2 per tonne. 

Smelting factories remain cautious to avoid risk of price inversion. The export in the third quarter is expected to increase, plus with high production cost, APT market now is supported with frim offer around $217.7 per mtu.

Prices of tungsten products on September 16, 2020

China tungsten carbide powder price image

Picture of tungsten powder 

tungsten powder image

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