Ferro Tungsten Prices Are Weak As Traders Wait on Stimulus Measures
- Details
- Category: Tungsten's News
- Published on Thursday, 26 March 2020 19:18
Analysis of latest tungsten market from Chinatungsten Online
The ferro tungsten and tungsten carbide powder prices in the Chinese market are in the downward trend due to continued spread of corovarius besides China affecting exports, delivery of products. Most market participants hold a pessimistic view on the market in April.
However, global tungsten markets are likely to recover in the second half of 2020 as supply and demand move closer to balance compared with last year, but political instability and trade tensions in major industrial economies could limit demand growth. The future trend in the tungsten market depends on how long the global coronavirus situation lasts and whether China’s new infrastructure projects can boost economic growth.
Prices of tungsten products on Mar. 26, 2020
Picture of tungsten trioxide powder
Follow our WeChat to know the latest tungsten price, information and market analysis.
- Tungsten Manufacturer & Supplier, Chinatungsten Online: www.chinatungsten.com
- Tungsten News & Prices of China Tungsten Industry Association: www.ctia.com.cn
- Molybdenum News & Price: news.molybdenum.com.cn
- Tel.: 86 592 5129696; Fax: 86 592 5129797; Email: sales@chinatungsten.com