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Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to maintain stability as the market is still in a stalemate. Although environmental checks and tungsten factories reducing production raised insider’s confidence, the weak demand side and unstable economic environment also made purchasers cautious to trade. 

Tungsten concentrate resources are rarely consumed at present. On the one hand, sellers try to stabilize product offers and thus low-price goods reduce; on the other hand, downstream users remain low consumption. The whole trading activity in the market is low, so tungsten concentrate price mainly hovers round $14,843. Carbide Rods Double Holes 75/t. 

The reduction of output in the raw material markets and stabilized offers of large tungsten companies enhanced manufacturers’ stable sentiment. Downstream enterprises required the quantity of what you need, remaining low activity in stocking up. Ammonium metatungstate (APT) price is weak. 

In the tungsten powder market, terminal users have not high buying Zgcc Cemented Carbide appetite with thin trading volumes. Most market participants were cautious under the deadlocked supply and demand while factories maintained their inventories at a relatively low level. Some enterprises even dropped product prices for more sales. In the short term, tungsten powder enterprises would wait for the performance in upstream and the release of orders.

Prices of tungsten products on May 24, 2019

Picture of tungsten powder 

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