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Tungsten Powder Prices Edged Down in China; Concentrate Market Quiet

Posted by: Chris Na 2021-11-14 Comments Off on Tungsten Powder Prices Edged Down in China; Concentrate Market Quiet

tungsten Powder Prices Edged Down in China; Concentrate Market Quiet

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Category: Tungsten’s News
Published on Monday, 10 December 2018 17:32

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten prices continued the downward trend in the week to Friday December 7. Bad trading atmosphere and lowered tungsten forecast prices from institutions and large companies contributed to the weaker mood in market trend. Downstream factories remained low trading activity and transaction prices were under pressure. 

In the tungsten concentrate market, spot resources were tight while prices stabilized at a relatively low level. As downstream factories tried to force raw material prices down, market expectations for supply and cost benefits declined. Offers from major tungsten production areas and large enterprises dropped slightly. 

Low trading activity of downstream factories, plus with financial pressure at the end of this year, smelting factories were reluctant to make deals. Manufacturers are generally negative about the market outlook. APT price now is down to $269.4/mtu.  

Downstream tungsten carbide enterprises expressed that new orders are difficult to be increased. So they slowed down in consuming raw materials. The fundamental weakness and unclear external trading environment further reduced manufacturers’ enthusiasm for production. In the short term, tungsten powder price will continue the downward trend.

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