Cesium Tungsten Bronze Price Stabilizes When Buying Appetite Outside of China Remains Weak

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and cesium tungsten bronze prices in China keep stable in the week began on Monday July 20 when the whole market is weak under the pressure from the effects of Covid-19. Most insiders are waiting for the new guide prices from tungsten institutions and listed companies. 

In the tungsten concentrate market, seasonal factors such as high temperature and floods have certain restrictions on the supply and transportation of raw materials, plus with the support of high production cost, suppliers have strong rised mentality at present. But it is difficult to purchase raw materials below 11,764.7/t. 

The production cost supports the APT market. Smelting factories have strong willing to bottom out and prices try to rise to $207.7/mtu with rare transactions concluded. The tungsten powder market is stable following the upstream market. Buying appetite outside of China remains weak and manufacturers hold relatively negative sentiment.

Prices of tungsten products on July 21, 2020

Picture of blue tungsten oxide 

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