China Tungsten Powder Price Remained Weak on Quiet Market

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China remained weak adjustment in the week ended on Friday June 12, 2020 on deadlocked supply and demand and cautious sentiment of market participants. The new guide prices from tungsten institutions and listed companies were adjusted slightly, having little impact on the tungsten. 

In the tungsten concentrate market, although the cost side offered support for prices, the demand in the industry was weak. Moreover, the coronavirus affected the import and export of goods, and sellers who had strong rised mentality were hard to raise product prices. Tungsten concentrate price hovered around $11,764.7/t. 

In the APT market, factories remained cautious on purchasing raw materials considering the stabilization of prices. Smelting factories kept low operating rate to avoid risks of price inversion. Most transactions were concluded at around $202.7/mtu to $206.0/mtu. As for the tungsten powder market, it still was quiet with stable offers. 

It is worth noting that China's tungsten export market is gradually picking up. The exports of cemented carbide increased by 4.53% from January to March, but the exports of tungsten products other than cemented carbide decreased from January to April, down by 1.86 percent, according to the data released by China Tungsten Association.

Prices of tungsten products on Jun. 15, 2020

Picture of tungsten powder 

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