China Tungsten Powder Market Maintains Stability in Early June

Details: Category: Tungsten's News; Published on Tuesday, 02 June 2020 19:11

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder price in the Chinese market keep stable in the week began on Monday June 1, 2020 ondeadlocked supply and demand, and cautious sentiment of market participants.

Raw material sellers are willing to sell their product but are reluctant to reduce product prices. The lack of liquidity makes mainstream tungsten product prices stabilize at about $11,764.7/t. smelting factories in the APT market take a watchful stance as they are facing pressures of high production costs and weak demand. Transaction prices hover around $207.7/mtu. The tungsten powder market maintains stability when riots, fires, violence escalate in several major cities in America. The demand from overseas market is expected to continue its weakness considering the uncertainties worldwide.

Prices of tungsten products on Jun. 2, 2020

tungsten powder price image