Europe APT Market Faced Losses Over June When Prices Fell to the lowest

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to maintain stability as the manufacturing disruptions and Covid-19 lockdowns have dampenedmarket demand for tungsten products since the beginning of the year. 

The exports of ammonium paratungstate (APT) dropped sharply in May due to reduced demand abroad given the spread of the Covid-19 pandemic worldwide.

For the markets besides China, demand for ammonium paratungstate (APT) in Europe and the United States is still struggling to recover from the effects of Covid-19 but prices might be approaching a floor. 

The Europe APT market faced losses over June when prices fell to their lowest since October 2019 while buying appetite outside of China remained weak. 

Prices of tungsten products on July 10, 2020

China tungsten price image

Picture of tungsten powder 

tungsten powder image

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

 

 

WeChat