China Tungsten Powder Market Stabilizes on Logistic Constrain

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market remain stable because market participants believe there is little room for price falls after witnessing steady declines in recent weeks.

In the tungsten concentrate market, sellers are reluctant to sell and low-price resources are hardly to be purchased with the support of high production costs of mining enterprises and low operating rate reducing production. The smelting factories face pressures form cost, demand and capital sides. The psychological price of the factory is above $207.7/mtu, but actual transactions are limited at the level. For the tungsten powder market, inquiries from downstream tungsten alloy and product markets are limited affected by the spread coronavirus in overseas markets, geopolitical risks and logistic constrain. The price hovers around $28.7/kg.

Prices of tungsten products on May 26, 2020

Picture of tungsten powder 

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