China Tungsten Bar Prices Are Weak on Low Trading Activity in March

Analysis of latest tungsten market from Chinatungsten Online

The latest of ferro tungsten and tungsten bar prices in China remain weak adjustment in wake of low trading activity of downstream users and sluggish demand in the current international economic situation. 

The price of oil fell sharply and producers have to cut production to maintain prices. Asian, European and American stock markets have been taken a big hit, and ruble, the current of one major exports of Russia, feel by 6%. Now the international market is not stable. 

In the tungsten concentrate market, sellers are not optimistic about the outlook but are reluctant to cut profits for more sales. The product prices stabilize at the level of $13,235.3/t; downstream enterprises have limited purchasing plans in the APT market, plus with the high production cost, factories face great pressure on the operation of the market. In the tungsten powder market, downstream industries such as automobiles and mobile phones are affected by the epidemic, with poor sales volume and weak consumption in taking order. The price is expected to remain weak in the short term.

Prices of tungsten products on March 13, 2020

Picture of tungsten powder 

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