Zhengzhou, China (PRWEB) July 20, 2014
Tungsten powder is the main raw material for processing powder tungsten products and tungsten alloy. Pure tungsten powder can be made into processing materials of different shapes. Mixed with other metal powder, tungsten powder can be made into all kinds of tungsten products, which are widely used in industries and have extensive market demand.
However, recently overall economic situation is not optimistic: China economy has seen a decline which is out of control; QE shrink has exerted pressure on metal properties, especially industrial metal, as a result, basic metal have seen a downturn. Influence by tungsten concentrates increased price, the price of tungsten powder has increased, which is a huge strike to tungsten powder market demand. Since 2011, June, tungsten powder transaction price has been stagnant about 340 Yuan to 360 Yuan per kilo, which is an objective market price. The actual transaction price may be much lower than this. Market recession has led to less demand, although recent tungsten price increase has witnessed a slight increase and seems stable, there are still room for the price to increase.
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