Tungsten Concentrate Market in China Stabilizes on Tight Supply

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable in the week began on Monday August 24, 2020. The market is expected to stabilize in the short term and market participants are optimistipc about the outlook, but actual transactions are still limited due to quiet market trading. 

In the tungsten concentrate market, mining enterprises are reluctant to sell products as they expect the supply of raw material will be tight in the future. Considering the high production cost, mainstream product offers hover around $12,500 per tonne. Smelting factories in the APT market still try their best to avoid the risk of price inversion and make offer at $212.7 per mtu with rare deals concluded. Affected by the deadlocked supply and demand, traders in the tungsten powder market hold different views on the late market trend. The main difference lies on economy expectations under the spread of coronavirus and geological risks. Now they are stay on the sideline.  

Prices of tungsten products on Aug. 25, 2020

Picture of tungsten powder 

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