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Chinese Tungsten Prices Came Under Pressure Because of Weak Buying Interest

Posted by: Chris Na 2021-11-16 Comments Off on Chinese Tungsten Prices Came Under Pressure Because of Weak Buying Interest

Chinese tungsten Prices Came Under Pressure Because of Weak Buying Interest

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Category: Tungsten’s News
Published on Monday, 10 September 2018 17:01

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment last week to Friday September 7, affected by environmental protection policy, deadlocked supply and demand and lowered tungsten guide prices from Ganzhou Tungsten and tungsten institutions. 

Tungsten ore prices tended to stabilize after a sharp decline in previous stage. With the support of supply tightness of raw materials, sellers were not willing to sell at low prices. Buyers seemed reluctant to come back to the market. As s result, tungsten concentrate prices maintained stability. 

The weakness in tungsten raw material market and declined forecast average prices weakened market confidence. Ammonium metatungstate and tungsten powder prices declined to $274.7 per mtu and $39.2 per kilogram, respectively.

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