China Tungsten Powder Price Fell on Muted Demand

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained weak adjustment in the week ended on Friday October 16, 2020 as the demand side was weak and market participants were not willing to purchase at current market trend. 

Chinese exporters of ammonium paratungstate (APT) lowered their offer price amid sluggish overseas demand and a slightly weakened domestic market, with the second wave of the Covid-19 pandemic limiting European consumers’ purchase of the raw material. 

One trader expressed that his company had not received any inquiries from abroad over the past week and was considering carrying out other business than trading APT. Other market participants also faced a similar situation. Therefore, the tungsten market is expected to be adjusted slightly in the short term.

Prices of tungsten products on October 19, 2020

Picture of blue tungsten oxide 

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