Ferro Tungsten and Tungsten Powder Prices Supported by Slow Restart to Production

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market show signs of rise in the late February. Affected by the measures to prevent and control the coronavirus, the operating rate of factories and logistics have not completely returned to the normal situation, resulting in an imbalance in the supply and demand sides. In the short term, the situation is expected to continue. 

As of February 19, among the 73 members, 66% of companies resumed production, 64% workers of a company came back to work and the housing starts is 62%, according to the statistics of the China Tungsten Industry Association.

Prices of tungsten products on Feb. 20, 2020

tungstic acid price image

Picture of tungstic acid

tungstic acid image

Follow our WeChat to know the latest tungsten price, information and market analysis.

 

 

WeChat