China Tungsten Price Was in the Upward Trend in Late July

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week end on Friday July 24, 2020. The tungsten concentrate price rose to above $12,205.9/t, APT price tried to climb to $207.7/mtu and tungsten powder price also rose to $28.5/kg. 

In the terms of positive aspects: first, with the effective prevention and control of the epidemic, the domestic economy has gradually recovered; second, seasonal factors such as high temperature and heavy rains have led to a temporary delay in raw material production and transportation, but the supply and cost sides offered support for the market; third, the new round of tungsten forecast price adjustments by large tungsten companies boosted market confidence; fourth, the prices of tungsten have been at the bottom for a long time, and raw material manufacturers have strong rised mentality. 

In the terms of negative side: first, the international epidemic situation is still severe, coupled with the influence of geopolitical risks in various countries, the international economy faced many uncertainties; second, the resumption of domestic demand growth has limited compensation for the sluggish export and external demand; third, the pressure on capital and demand sides was relatively high, and insiders held different views on the market outlook.

Prices of tungsten products on July 27, 2020

Picture of blue tungsten oxide 

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