Tungsten Price in China Edged Higher Due to Tight Supply of Spot Resources

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China edged higher in the week ended on Friday May 22, 2020 due to tight supply of spot resources and high production costs. But affected by persistent weakness in the demand side and continued spread of coronavirus besides China, market transactions were hardly concluded. 

Tungsten prices have been in the downward trend since the outbreak of coronavirus, but started to rebound in early May. At present, the tungsten concentrate sellers keep firm offers despite of limited market trading. Smelting factories in the APT market face pressure of price inversion with heavy wait-and-see atmosphere. As for the tungsten powder market, purchasers lack of confidence for the outlook considering weak downstream alloy and product markets. They prefer to consume current stocks first and wait for wait for the price to improve before supplying the market.

Prices of tungsten products on May 25, 2020

Picture of violet tungsten oxide

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