China Tungsten Price Stabilized After a Slight Rise in Early June

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China stabilized after a slight rise in the week ended on Friday May 29, 2020 as low consumption offset the bullion impact from the raw material markets. But a stalemate is setting in between buyers and sellers, and only changes in demand patterns are likely to break the deadlock. 

In the tungsten concentrate market, the news side is quiet and prices are flat around $12,058.8/t with no transactions concluded at the level. Downstream users are not clear about the demand as they purchase products according to actual needs. 

For the APT market, prices were tried to be raised affected by high production costs, but the changes were limited and trading was rare. Sellers were reluctant to sell their products while buyers were hesitant in taking goods. The tungsten power market faced the same situation. Orders from the terminal market did not increase in late May. Market prices mainly refer to the trend in the raw material market.

Prices of tungsten products on Jun. 1, 2020

tungsten carbide powder price image

Picture of tungsten carbide powder 

tungsten carbide powder image

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