China Tungsten Price Stabilizes with the Approaching of the Holiday of May Day

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stability with the approaching of the holiday of May Day. Under the deadlocked supply and demand, market participants mainly hold cautious sentiment. 

The tungsten ore market is expected to bottom out, boosting market confidence of traders. Some smelting factories try to raise APT offers under the pressure of high cost. But transactions in the spot market are still limited with the impact of coronavirus worldwide. In the short term, the forecast prices from tungsten associations and companies would be the focus of the market.

China's Xianglu Tungsten's offers for the second half of April: wolframite concentrate was quoted at $10,735.3/t; APT was quoted at $191/mtu.

Prices of tungsten products on Apr. 27, 2020

Picture of tungsten trioxide 

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