China Tungsten Powder Market Is Quiet With Limited Transactions

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China are unchanged from the previous trading day owing to a lack of spot demand both at home and abroad, as downstream consumer sectors were temporarily shut down amid the Covid-19 pandemic. 

In the tungsten concentrate market, insiders face pressure from persistent weakness in the demand side. But high production costs make manufacturers reluctant to sell at low prices. The market has price but no sales. Some product prices in the APT market rise slightly, but the whole transactions are limited. Factories worry about the late market with low enthusiasm in taking orders. Now they mainly consume their stocks. For the tungsten powder market, orders from downstream tungsten carbide and product markets are not increased and the policy and news sides are also quiet. Given that, the market is expected to stabilize in the short term.

Prices of tungsten products on May 29, 2020

Picture of tungsten acid 

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