China Tungsten Powder Market Is Stable on Firm Raw Material Costs

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in China continue to maintain stability in the last trading day in November as a stalemate is setting in between buyers and sellers, and only changes in demand patterns are likely to break the deadlock.

In the tungsten concentrate market, miners still have strong rised mentality with few available spot resources. But downstream buyers remain cautious in purchasing goods and prices stabilize at about $13,076.9 per tone. 

The APT market is quiet as the outlook seems unclear. smelting factories face risk of price inversion and thus keep low operating rate. Most insiders wait for new guide prices for early December. 

The tungsten powder market is supported by raw material costs and rigid demand. Some traders try to raise their offers but under persistent weak demand and unstable trading environment in the world, market prices show signs of decline. At present, insiders may worry about the capital conditions at the end of the year.

Prices of tungsten products on December 1, 2020

China tungsten rod price image

Picture of tungsten rod 

tungsten rod image

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

 

 

WeChat