China Tungsten Powder Price Continues to Tumble on Weak Consumer Appetite

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to tumble on weak consumer appetite. Most market participants hold a watchful stance, waiting for the new tungsten forecast prices and offers from institutions and listed companies. 

The Chinese domestic tungsten concentrate market has been under pressure since April due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. But transactions in the market still remain low. 

APT plants are stuck in an awkward situation. They can neither purchase cheap concentrates nor sell APT at higher prices. Thus, they prefer to store their products in warehouses, expecting the market to move up in late July or August when the Covid-19 pandemic in overseas markets might be brought under control. With regard to the APT export market, spot trading remained muted. Only a few traders, who had signed long-term contracts with foreign customers, continued to deliver goods.

Prices of tungsten products on July 7, 2020

Picture of tungsten powder 

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