tungsten Powder Price in China Stabilizes on Quiet Market
- Category: Tungsten’s News
- Published on Thursday, 16 September 2021 09:28
Analysis of latest tungsten market from Chinatungsten Online
The ammonium paratungstate (APT) and tungsten powder prices in China continue to remain stable on September 14, 2021 due to sales pressure and cautious sentiment of participants.
From the perspective of supply, the approaching of Mid-Autumn Festival and National Day, and outbreak of epidemic in Fujian province, China have led to a slight restriction on the production of mining enterprises. Coupled with the increase in the intention to actively reduce production after the profit of the raw material side has tightened, the release of raw material production capacity has slowed down.
From the perspective of demand, the economic recovery momentum slowed down in the second half of the year and overseas consumption remained sluggish, affecting buyers' sentiment to take the initiative to receive goods. The market is still slightly inclined to buyers, and it is difficult for holders to increase prices.
There are still many uncertainties in the international economic and trade environment and taxation news in various countries on the macro level. The supply and demand side continue to look on the game between upstream and downstream of the industry chain. However, due to the increase in cost input, manufacturers have limited room for profit.
Link to this article：Tungsten Powder Price in China Stabilizes on Quiet Market
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