Chinese APT export Price Stabilizes Amid a Persistent Lack of Inquiries in Late October

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China remain weak adjustment in late October as the bidding among companies weakens industry confidence and drags down product prices. 

With the slow recovery of China’s economy and manufacturing industry, the stalemate between supply and demand in the tungsten industry may be eased. However, it is still affected by negative effects of the second wave of epidemic and external conflicts. There is greater pressure on the recovery of terminal consumption, and the short-term tungsten market is expected to lack of liquidity. 

Chinese APT export price is unchanged amid a persistent lack of inquiries from overseas buyers. Chinese exporters hold their offers firm given strength in the yuan despite the lack of inquiries. Seldom deals were reported because overseas consumers are resistant to the higher prices while sellers are reluctant to sell products at low prices.

Prices of tungsten products on October 30, 2020

Picture of APT 

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