Ferro Tungsten Prices in the Chinese Market Climbs on Tightening Supply

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate(APT) and ferro tungsten prices in the Chinese market are still in the upward trend as the supply of raw materials remains tight. With the gradual recovery in logistic and production of factories, market inquiry becomes active despite transactions do not increase. 

Now the conoravirus in China is under controlled. Both domestic and foreign officials have increased confidence in China's economic prospects after the second quarter. However, industry insiders have expressed concern about the recent outbreaks in Japan, South Korea and other places where are the main exporters of China. The outbreaks may affect the deals with these countries. 

Jiangxi Xianglu Tungsten released its offers for the second half of February: black tungsten concentrate(WO3≥55%) was quoted at $13,676.5/t; scheelite concentrate(WO3≥55%) was quoted at $13,529.4/t; APT was quoted at $238.5/mtu.

Prices of tungsten products on Feb. 27, 2020

Picture of tungsten powder 

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