Chinese tungsten Price Stabilizes on Weak Demand
- Category: Tungsten’s News
- Published on Tuesday, 19 June 2018 10:59
Analysis of latest tungsten market from Chinatungsten Online: Chinese tungsten price continues to maintain stability because the fundamentals of supply and demand are the same as before. The outlook of the market is unclear and market participants wait and see. Market trading is thin in China at present.
In the tungsten concentrate market, the limited output in mines offsets negative impact of weak demand to some extent. Miners are not willing to lower product prices despite of thin trading volumes. Moreover, market participants will not become active in trading even though product prices are declined.
APT spot resources will continue to be tight while customers remain low buying interests. APT price will stabilize at a high level. Supported by high production costs, tungsten powder price is high, but the whole transactions are fewer. Businesses wait the new movements in the market.