China's Tungsten Exports Reached 1,473 Tons in September 2020

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain weak adjustment despite high production cost supports suppliers’ strong rised mentality. 

Some traders are will to sell their products in order to ease pressure of capital shortage. In addition, the export of tungsten product increases slowly, but the demand still can not meet market expectation. The deteriorating global economy also weakens market confidence. Therefore, the market is caught in wait-and-see atmosphere at present.

China's tungsten exports reached 1,473 tons in September 2020, a year-on-year increase of 29.4%. Among them, the export of ferro tungsten recovered significantly, increasing by 289.73% month-on-month to 120.8 tons, a decrease of 51.3% year-on-year; the export of ammonium metatungstate was 213.1 tons, an increase of 176.1% month-on-month and an increase of 127.86% year-on-year; the export of ammonium paratungstate was 115.5 tons, an increase of 170.5 %, a decrease of 42.7% year-on-year; the export of tungsten powder was 228.5 tons, an increase of 21.1% month-on-month, and an increase of 12.38% year-on-year; the export of tungsten trioxide was 84.1 tons, an increase of 4.15% month-on-month and a year-on-year decrease of 71.1%. The export of tungsten carbide and tungsten scraps continued to decline, with a month-on-month decrease of 25.9% to 233.3 tons and 93.3% to 2 tons, respectively, a year-on-year decrease of 37.2% and 93.8%. The main export countries of tungsten products are Japan, South Korea, Germany, and the Netherlands, according to customs data. 

Prices of tungsten products on October 29, 2020

tungsten trioxide price image

Picture of tungsten trioxide 

tungsten trioxide image

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